|Posted by Jon Harrison on January 28, 2016 at 3:05 AM|
For the longest time homeowners and appraisers in Las Vegas have been at odds with each other over home values. There were lots of factors putting them at swords point such as the economy, investors artificially driving prices hire only to see them drop to reality after they left town, companies like Zillow (see my blog, "Did Zillow Keep Your Offer From Being Accepted?") giving Zestimates that are out in left field, appraisers being brought in from out of town that didn't know the market and lazy real estate agents who didn't do their job of informing their clients of what their home is worth on the market. Plenty of blame all around. A newspaper article in the Las Vegas Review-Journal, "Report suggests Las Vegas homeowners, appraisers close on home worth," suggests that the tide is changing and homeowners and appraisers are getting close on agreeing on the fair market value. Allot of this is the fact that the Vegas realestate market has stabilized and has been stable for some time now. We cover the local market in our blog every month, see posts with the tag, "Las Vegas Housing Market Trends." We still have a ways to go to get everyone on the same page but that's a work in progress and I'm confident we will see that happen very soon. For more information about appraisals see our page "Appraisal Explained".
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