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Message
re: Restraining order against bad home appraiser
Posted on 10/5/23 at 2:38 pm to ronricks
Posted on 10/5/23 at 2:38 pm to ronricks
quote:
Supply and Demand drives home values. If someone is willing to pay 'x' for your home that's what it is worth. Appraiser is there for the bank. In a cash situation they are irrelevant.
Again, head in the sand.
Interest rates are massive for demand.
1
Posted on 10/5/23 at 3:36 pm to slackster
quote:
Interest rates are massive for demand.
You keep putting the cart ahead of the horse.
There are still cash buyers.
There are still investors willing to grab homes at a stagnant price.
You are correct. Higher rates will limit the buyer pool for a particular address. And supply/demand can impact that price. But it only takes 1 buyer to bite at that price. And right now, the fish are still biting in a lot of areas.
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