27 January 2012
Keeping You Appraised
It's funny how subjective the value of a house is. The cartoon above shows some good examples and isn't too much of an exaggeration. Depending on which side you're on it can be pretty frustrating.
Having been through appraisals a few times (including one more today) I can completely relate to the image above. I don't know what it is but their valuations always seem to come in lower than what you know a buyer would pay if you were to sell. I don't know how they arrive at their valuations but I have the sneaking suspicion it involves out-of-date property tax assessments, consultations with real estate agents from other cities, and the casting of lots with dice and chicken bones. There's got to be a better way. One that's a bit less stressful for those of us being appraised would be nice too!
Home ownership: forcing people to jump through one hoop after another since at least 1945...