Skip to main content
#
 
  
Sanibel Island Real Estate, Captiva Island Real EstateFind Homes for Sale on Sanibel and Captiva Islands and Southwest Florida Sanibel Island and Southwest Florida Sensational Featured PropertiesSanibel Island Golf Homes for SaleSanibel Island Florida Beach HomesSanibel - Captiva Island Condos for SaleSouthwest Florida Off Island PropertiesBuy a Home on Sanibel Island Captiva IslandSelling Your Home in Sanibel Island - FSBO Sellers Look Here About Your Sanibel Island Real Estate  Agent  - Sarah Ashton
Southwest Florida Real Estate - Let Sarah Ashton Help You With Your Next Real Estate Purchase
Find Out What Our Clients Say About Our Sanibel and Captiva Island Real Estate Services
Contact Your Sanibel Island Realtor Today
Site Map
Sarah's Blog

Latest Posts
Archive
Categories

 Sarah's Blog 
Thursday, July 16 2009
Wow!  If it isn't tough enough these days to bring a buyer and seller of a great piece of Sanibel Island Real Estate together, the appraisal process these days isn't helping.  As many know, the rules were changed a couple of months back prohibiting any possible interference in the appraisal process by Mortgage Banks and Realtors.  The feeling was that part of the cause of our housing meltdown throughout the country was overly inflated appraisals that then allowed the banks to lend more money on a property than it was actually worth.  The resulting rules have brought the Real Estate market, across the country, to a virtual standstill.

Here on Sanibel Island we have had numerous "appraisal incidents" that have grossly under valued properties, the most agregious being when a direct access canal home was compared (or comped) to a lake front inland property.  This lack of understanding of the local real estate market has created a big headache for buyers, sellers, bankers and Realtors.  Take a look at this USA Today article for a full accounting of the issues and the move to correct the situation. 
Posted by: Sarah Ashton AT 03:32 pm   |  Permalink   |  Email


Servicing the Real Estate Needs of Buyers and Sellers on Sanibel and Captiva Islands.
 

 
ReMax of the Islands
Sarah Ashton Sarah S. Ashton, Broker Associate, Realtor®
ReMax of the Islands
2400 Palm Ridge Road
Sanibel, FL 33957

 

Office Phone: 239.472.2311
Mobile: 239.691.4915

Email Me

Terms Of Use - Privacy Policy - Contact Policy

Real Estate Logo Design, Real Estate Website Design &
Real Estate Marketing Services Provided by:

Site Powered By
    prostepmarketing.com
    Online web site design