Appraisals are coming in again!

Las Vegas Home Appraisals, Las Vegas Home Sales.

APPRAISALS ARE COMING IN AGAIN

You may remember my rant some time a go about appraisals hindering the ability of regular home owners to purchase a home.  Well, don’t let it be said that I don’t give credit where credit is due.  We are seeing appraisers do their job properly and allowing values to increase so regular home buyers can buy again.  There is still the odd exception, but generally we are not seeing the ridiculously low appraisals anymore.  This changes our market form an investor driven to a regular home owner driven market.  Now buyers can get FHA, VA or conventional financing and buy a home without worrying they will be outbid by a cash paying investor.

 

Good news for the regular buyer!  Also good news for sellers, because now values will increase and take some people out of the red!