04-20-2016, 04:25 AM
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Join Date: Oct 2015
Posts: 440
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How to avoid a low home appraisal
Short appraisals typically arise in a declining housing market because the lack of recent comparable area homes sales, or "comps," making it difficult for appraisers to determine the current market value of a property.
When home sales slow, good comps "age" fast. Add foreclosures and short sales to the mix and appraisals can run all over the map.
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