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re: The home selling realtor setup is unfair to sellers and buyers
Posted on 4/17/23 at 8:40 am to llfshoals
Posted on 4/17/23 at 8:40 am to llfshoals
quote:
Our MLS has strict rules on this. Appraisers and realtors virtually never meet here. The only time I’ve had one call me in years was because they were having trouble getting into the property.
Supposedly the housing bubble in 2006 (?) put a stop to the practice but it still happens. Appraising real estate is, at best, akin to reaching up one's backside and pulling a number out. It is mainly about making sure a lender has some cushion than it is about the market value of a piece of property.
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