New Appraisal Rules are Causing Problems

Aug

2009

New Appraisal Rules are Causing Problems

Like politics, all real estate is local. This is drummed into us time and time again. You hardly ever see a report about state or national real estate trends without the cautionary caveat that "local markets are all different." So how, then, does it make any sense for real estate appraisals to be conducted by out-of-the-area appraisers who lack (and don't have time to get) specific local-market knowledge?