This is a current article in response to the market changing in the Coachella Valley home sales. The prices are GOING UP in some areas because of supply and demand principles. Sales are good in our valley.
We agree with all that is being said regarding the changing markets --
lower inventories, closer-to-list-price negotiations, and the potential
for rising prices. But the issue we now encounter are the appraisals are
lagging behind the market; therefore, they do not match the current
market values or the sold price.
Challenges of the appraisals
are met with disdain and then disapproval. Outcome: The buyer does not
get the home they want at the price they are willing to pay, and the
seller can't sell their home at the current, rising market value. This
perpetuates the slow recovery.
Carl & Rae-Lynne Swigart
Realtors
Prudential Georgia Realty
Cumming, Ga.
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