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Foreclosure markets--wholesale or retail?(RESIDENTIAL APPRAISING)
Are there two residential markets-wholesale and retail? Does the market evidence show that buyers of owner-occupied homes pay more than buyers of foreclosed properties? Do appraisers need to treat appraisals of repossessed properties differently than other appraisals?
Appraisers have long recognized that some real estate will command top dollar and other similar properties will sell at substantial discounts during the same time. Is the difference in the motivations of the buyers?
Types of Buyers
In most real estate markets, the type of buyers involved in the sales is important. Many appraisers do not develop an appraisal without first ...
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Source: HighBeam Research, Foreclosure markets--wholesale or retail?(RESIDENTIAL APPRAISING)