What amount of the homes for sale are shor sales or foreclosures? What is the price range for the homes that aren't?
Right that can be tough when there is a 30% decline.
While an appraiser is required to look at like and similar properties
A 30% delta can be a red flag requiring the appraiser to look at the
Deal more closely and deem whether the property is in a declining market.
Arlynn B. Palmer, ESQ, SRES, CBR, CMS, CNS
Coldwell Banker Claire Sobel
(516)621-6300 x 205