Real Estate News

Real Estate News

Introduction

The real estate market is one of the most volatile markets with prices fluctuating. This causes difficulties for appraisers since the value determined by them can vary differently from the value estimated by the owners. Appraisal of value is a delicate task and takes into account various factors which are constantly changing.

Discussion

In the article by Shaila Dewan, the price of the land determined by the owner was based on the sale of a house two doors away; however, the bank that was mortgaging the house valuated it much less compared to the offered price (Dewan, 2012).

There is ...