Monday, January 26, 2009

Appraiser's feel the down turn...

You can imagine that less homes being sold each year would affect more than just home owners and sellers. If affects all the industries that support real estate as well. Home inspectors, insurance agents, title agents, and surveyors have all felt the down turn in the market. Appraiser's are the newest victim to the down turn.

It is customary to have an appraisal done before the closing but not have to pay of it until closing. Not anymore! So many homes were under contract and appraised but they would never make it to closing. This cause appraisers to spend their time and money to do all the work valuing homes but they were not getting paid.

Now home owners have to pay up-front for an appraisal. That can be tough on a young family that are getting City Grant Money to help them pay for closing cost.



For information on how to Buy a Home in Jacksonville, Rent a Home in Jacksonville, Sell a Home in Jacksonville, or Invest in Real Estate in Jacksonville, visit our website at www.ProgressHomeBuyers.com.
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