"IT'S THE APPRAISAL STUPID", says Neil Cavuto.Click on this link to see: Hoping for a Housing Boom
Too many times Sellers are waiting until after they have accepted an offer to purchase before knowing if the buyer will be able to get a loan for that amount. Will the home appraise and what will happen if it does not?
These questions and more were discussed with Connie De Groot, Coldwell Banker Real Estate Broker in Los Angeles, and Jonathan Miller, Miller Samuel Inc. Real Estate Appraisers & Consultants- New York City.
1 comment:
Thank you Connie for stating home sellers should get an appraisal as part of the pre-listing process. I'm a certified appraiser and I'm flabbergasted by the number of home owners that continue to think their house is worth what it was in 2005/2006.
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