APPRAISALS WEIGHING DOWN HOUSING SALES - TUSTIN RANCH, CA 92782 - Katnik Brothers
By Katnik Brothers- Broker, Realtor, M.B.A. North Tustin Realtor, Tustin Ranch Realtor, Orange Realtor, Tustin & Orange Real Estate
(Katnik Brothers Real Estate Services Corporation)
Tustin Ranch, CA 92782 - Katnik Brothers, Broker and Realtor - Appraisals are wreaking havoc in today's Real Estate market. A FOR SALE sign in front of a home would suggest the home is waiting to be sold at an agreed upon price between a buyer and seller. Unfortunately, in today's home market buyers and sellers are facing another challenge in a home transaction. The much maligned appraiser, after years of questionable appraisal practices, have come under fire from lawmakers and banks. The result has been stringent new rules which have left many appraisers hands tied. In a market of distressed properties which must be used to determine a standard sale price, appraisal values are coming in below the agreed upon price of a buyer and seller. Read an extended Wall Street Journal article on t...
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