On Sunday September 11, 2011, Alan J. Heavens the real estate writer for the Philadelphia Inquirer quoted our own Michael Coyle in an article titled On the House: Weighing a Pre-Listing Appraisal. Heavens article explores the state of the current real estate market, pre-listing appraisals and the role of appraisal management companies.
He also interviews a colleague of ours, Wes Costello, at Annie-Mac Home Mortgage in Mount Laurel, NJ. Wes has some very interesting insights on the relationship between lenders and appraisers and how the emergence of appraisal management companies has weakened the appraisal process and made lending an even riskier venture.
For the full story please visit this link: On the House: Weighing a Pre-Listing Appraisal