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” “The definition of market value.” ” “That cost does not equal value on homes, and picking comparable sales just to hit contract prices is unethical. ” Appraisers are unbiased and must follow guidelines “I wish they understood that we cannot always ethically hit the sale contract price.”
My advice: Always check what plan and updates were actually built when doing finalinspection. I always asked to see the final sales document data. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) decreased to 6.29 percent from 6.43 percent from 6.73
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