Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

Market Conditions in Russellville : Real Estate Advice

  • All27
  • Local Info1
  • Home Buying2
  • Home Selling0
  • Market Conditions3

Activity 3
Mon Jun 16, 2014
rosie dapple asked:
This question was asked from
0 votes 0 Answers Share Flag
Sat Nov 30, 2013
Tracy Marchese answered:
This is a great question for google.
0 votes 1 answer Share Flag
Fri Dec 28, 2007
Durenda Fachtmann CEC CRS GRI answered:

Recently lenders are requiring their appraisers to use comparable solds no older than 3 months.

Many of homes the real estate markets across the nation have depreciated in values this past year or two.

On the 1st appraisal, lets say done spring of '07, theoretically the appraiser could have used comparable sold properties as far back as spring of '06.

Currently, lets say an appraisal done December '07, the lender could have required the appraiser to use comparable solds no older than September '07.

If the market of that home has declined in value since spring of '06, the result would be a lower appraisal value for that proeprty, given prarameter requirements to establish current value.

Best of luck
... more
1 vote 4 answers Share Flag
Search Advice
Market Conditions in Russellville Zip Codes