A big question in many sellers minds today, how can my home be worth so much less than 3 yrs ago? Foreclosures and short sales comprise about 50% of transactions today, creating a “false” market value in otherwise stable neighborhoods. In determining valuations, we’re capturing only transaction prices and prices of those properties might be 20% below values of other homes. This plus county tax assessments being all over the board are leaving allot of home sellers puzzled…..
