Monthly Archives: September 2013

Short Sales and Foreclosures

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When appraising a home, the appraiser uses all the information available to them in order to provide the best possible opinion on the value of the property. This includes using comparable properties that will frame what other similar properties are valued at, this can include distressed sales. Distressed sales, in other words, are foreclosures andWhen appraising a home, the appraiser uses all the information available to them in order to provide the best possible opinion on the value of the property. This includes using comparable properties that will frame what other similar properties are valued at, this can include distressed sales. Distressed sales, in other words, are foreclosures and short sales. That means that distressed sale