This Darn Market
This crazy real estate market so many of us are caught in is frustrating and confusing. We have seen the prices of homes drop throughout the Eastern Madera County area. Ahwahnee, Coarsegold, Oakhurst, Raymond, Bass Lake, Fish Camp, Yosemite Lakes, O’Neil’s, and North Fork are no strangers to the dropping market. What can we do?? It seems as there is nothing we can do. Not only is finding a buyer a problem but once we have a buyer and start the escrow process we run into so many more problems. A huge problem that is emerging is the appraisal process. Appraisers are being quite conservative, as if that is not bad enough. Then the lending institutions want to send out their own appraisers at the buyer’s expense. This is getting to be ridiculous. Sales agents are getting frustrated, buyers do not want to pay for an additional appraisal (of course), and sellers are finding it hard to get through the escrow process. Is this vicious cycle ever going to stop??? I find an interesting article on appraising that you might enjoy reading just go to the following link http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/08/17/RELP12AF53.DTL




