Real Estate Vocabulary #101 At least when it comes to residential real estate, when is a positive a negative, and a negative a positive? Answer: when it comes to doing a Comparative Market Analysis (“CMA”), the tool Realtors — as well as appraisers — use to estimate a property’s fair market value. CMA Math So,...Read More
Appraisal Reconsideration “True”or “False” Consider the following scenario, then answer “Yes” or “No”: An appraisal on a recent home sale comes in low. The next week, a (very) similar home that had been “Pending” at the time the appraisal was done subsequently closes . . . . for well above asking price. Can the closed...Read More
