This comes from my good friend Nicci Brown... a loan officer with Edina Realty MortgageThe purpose of a repair is to correct deficiencies which may affect the health of the occupants and the continued marketability of the property. Knowing the most common issues upfront can prevent costly and stressful delays later.If the ...
More and more, I am hearing about appraisals that are coming back with notations from the appraiser that the property is in a "declining market."Unfortunately there is no set-in-stone definition for what is or is not a declining market. What's come up in my experience is either the pricing of comparables has fallen considerably or the ...