When sales activity has diminished, as is the case in today’s market, appraisers have a much smaller pool of comparable transactions available to them. Such times require that appraisers give greater scrutiny to transactions that have traditionally been discarded.
Here’s why and how appraisers are reconsidering foreclosures, short sales and listings in an upside down market.
Editor’s Note: This survival guide for home inspectors provides valuable advice for anyone in business today. Slow Times: Survival of the Fittest By Glenn R. Curtis C.M.I. Master Inspector If the connection between naturalist Charles Darwin’s theory of natural selection and your business isn’t obvious, it should be: in tough times only the strong make…