Myths About Real Estate Appraisals
Appraisals have been the topic of much discussion as of late so I thought I’d post this article I ran across. Myself and many of my fellow realtors have been rather mystified by the results of an appraisal or two in the last couple of years. Many people believe appraisals are performed to protect the buyer from paying too much for the property, in actuality it’s all about protecting the lender and the lenders investment. After all, the bank does not want to own over inflated real estate…