Analysis of renewed emphasis on appraisals as buyers become cautious in changing market.
By Paul MyersRising interest rates in 2022 made appraisals more important than ever for value verification. After the 2021 frenzy when buyers waived appraisal contingencies left and right, cautious buyers are now insisting on them again -- and that shift protects everyone from overpaying in an uncertain market.
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Appraisal importance? Rate environment makes contingencies critical. Contact me.
Reflections from three decades of real estate appraisal work in Orange County and Southern California.
Read more about 40+ Years Appraising Orange County: What I've Learned About Real Estate Value
Understanding how historic designation affects appraisals, restoration costs, and property values.
Read more about Historical Homes: Appraisal Challenges and Restoration Value
Understanding how rental property appraisals work and how rental income affects property value.
Read more about Rental Property Appraisals: Income, Expenses, and Value
Contact Paul Myers for professional home appraisals throughout Southern California.