Monday, November 11, 2013
by Galand Haas
Good Monday Morning!
As much as the market has been straining to break out of the recent recession and regain lost property values, one component of the market has been acting as an anchor, holding back or at least significantly slowing the positive progress. That component is the dreaded appraisal. I say dreaded, because it has become the biggest obstacle to sales these days. The house can be in move-in ready condition with a clean bill of health from the home inspection and still have the sale ruined by a low appraisal. That’s happening a lot these days. Why is that?
One of the constant battles that go on in the real estate market is that between the Realtors involved in listing the houses and the appraisers over what the market value of the house should be. Appraisals can be the cold splash of reality in the face for many sellers. Appraisals take all of the emotion out of the process of putting a market value on your property. The battle over market value is one that is likely to continue forever, just due to the different natures of the two sides in this argument.
During this current market it is really a great idea to listen to your Real Estate agent about pricing. If your home is priced correctly with the comparable properties that your agent finds, then the chances for a low appraisal are minimal.
If you would like to get an idea as to what your Eugene and Springfield area homes current market value is online, it is as easy as logging onto www.forhomesellers-nonSmartZip.com
Have and Awesome Week!
THIS WEEKS HOT HOME LISTING!
|
|
24155 Hewett Rd
| Price: $850,000 |
Beds: 3 |
Baths: 3 |
Sq Ft: 3154 |
Equestrian Oasis! Over 20ac of private & serene views, 2 pastures, 6-stall barn with tack rm, office, wash rack, indoor riding arena, loft, storage, shop, full bath & laundry. Custom home w/ vaulted 22’ glass prow front, great rm, 9 skylights,...
|
AND HERE'S YOUR MONDAY MORNING COFFEE!!
Sincerely,
Galand
