Home Buying in 19701>Question Details

Ab, Other/Just Looking in 19701

A home was appraised in 2006 as fair condition for 187900. It is now poor condition. How much difference?

Asked by Ab, 19701 Thu Aug 6, 2009

would that make in the value?

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Hi Ab, Hard to answer that for a couple reasons. 1. Home values went up dramatically from 06 to 07 and part of 08. Then the values went down as we all know. Probably homes are at 2006 values. Poor condition will depend on several things. So as Jacqeline indicates, without seeing the house it would be hard to evaluate. Sorry
0 votes Thank Flag Link Thu Aug 6, 2009
Hi Ab,

It's hard to answer your question without knowing more specifics. In most areas, prices have come down since 2006 so that will impact the value, along with the condition of the property. Also, it's hard to put a value on a property without physically looking at it.

Not sure what is prompting your question, but given more specifics, I'd be happy to try to help you.
Web Reference: http://www.jroark.com
0 votes Thank Flag Link Thu Aug 6, 2009
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