Some Good News

I know it's a low bar these days but I'm always looking for some encouraging real estate news.  This week's is mortgage appraisals are coming in to support sale prices.

One could assume that in a time of market change & conservative financial institutions, that might not be the case.

Why are appraisal prices holding?  Most Sellers & realtors have gotten realistic if they are serious Sellers.  That affects list prices & sale prices which for the most part reflect current assessed values or just below.  Yes, some homes are selling over assessed value but there is always a reason, like major improvements or more than 1 interested Buyer.


No comments

Post Your Comment:

Your email will not be published
Reciprocity Logo The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.