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December 7, 2009

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User profile: mark_madsen

Joined: June 9, 2009

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Posted on: Realtors complain about 'low-ball' appraisals

Wow, great conversation happening about the Las Vegas appraisal values.

I just wanted to jump in and thank Brian Wargo for putting this story together and bringing a huge amount of attention to the pain we're all feeling here in Vegas.

Realtor.org, as well as several other online publications picked this article up, which means that people care to listen.

It is obviously very challenging to fully explain in one article all the politics and economic conditions that are impacting our appraisals.

I put together a quick article on my blog as well to help further articulate some of the more complicated factors, such as the Home Valuation Code of Conduct (HVCC). Video included.

http://www.myfhamortgageblog.com/2009/06...

Bottom line, we are all dealing with a big mess in this city. I feel that there are several responsible parties to blame, but we all have to move forward together and focus on the things that we can control.

HVCC is something that all real estate professionals, buyers and sellers need to be aware of. Whether you are pro or con, it is important that you hear both sides of the issue so that you can make your voice count.

Thanks
mm

(Suggest removal) 6/12/09 at 10:23 a.m.

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