Special measures have been taken to help account for challenges facing the real estate market due to COVID-19. Here are the temporary flexibilities in place to facility the continuation of transactions for buyers.
Category: appraisal
Appraisal Shortage Causing Delays In Home Sales
CNBC published an article on their Real Estate blog entitled, “‘Massive’ shortage of appraisers causing home sales delays” Below are a few quotes that summarize the story quickly, in case you don’t have the time or patience to read the article yourself. “The appraisal shortage is massive. You’re seeing significant delays, you’re seeing cost increases, …
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What is a Real Estate Appraisal?
A real estate appraisal is the process of determining the value of a newly build property, the resale value of a residential property, or evaluating properties for investment purposes. The appraisal is a report of many crucial details about the subject property and creates comparisons to similar ones in the neighborhood. How Do Real Estate […]