A huge debate seems to exist here between Realtors and Mortgage Brokers on this topic. I have been a Realtor for 12 years and a Mortgage Broker for 12 years so I believe I can clear this up. The value of your home is solely based on appraised value by the lender. Be careful of the competitve market analysis as it does not take into account all of the appraisal factors in determining market value. The analysis is also affected by human entry and error by individuals that are qualified to sell your house but unfortunately with the changes in the mortgage markets might not be able to price it to sell and close!!
In my honest opinion a great Realtor will always consult a great appraiser on value to be as accurate as possible for their clients. Unfortunately there is always somebody telling you they can sell your house for more so "Seller Beware". Please go to www.tombrewerjr.com for more information.
Tuesday, April 1, 2008
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