Feb
07

How Changes in Appraisal Industry Affects Market, Consumers

By
– Pittsburgh Tribune-Review

Change always is shrouded by fear of the unknown, but professionals in home-buying are optimistic revisions in appraisals will be more of a help than a hassle.

It might mean homebuyers will pay a little more to have property viewed, but experts in the process as well as a member of a consumer group see positive sides.

Tammy Thompson, from the home-ownership assistance group NeighborWorks, sees it as a way of ending the “loan malfunction” that has caused so much pain in the housing market.

Appraiser Mark Smeltzer from Murrysville says simply: “It’s all going to depend on implementation.”

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE

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