Don't shoot the messengers.

As we struggle through the low housing market, a lot of people are often upset when the appraisal doesn't come in to match the contract or desired sales price. The Appraisal Institute says "hey, don't blame us!" To quote a recent handout for realtors: "Appraisers don’t set the real estate market; they reflect what’s happening in the market,” Sara W. Stephens, the Appraisal Institute’s president, said in the handout. “Obviously, the market is depressed — home prices have fallen far below the values of a few years ago. Many homes simply aren’t worth what their owners think they are."

Despite the poor market condition for sellers, now is a great time to buy. If you are looking to invest in real estate, please contact us for more information on how we can help. We are ready to be your Property Management company.