Builder Magazine has a good take on the impact that appraisers are having on the market.  The article titled “Seven Ways the New Appraisal Code Goes Wrong,” is timely.  We have had one sale fall through due to an appraisal that fell well short of the contract price.  The comps that the appraiser sited were $20,000 north of the contract price and he dinged us for another $25,000 below.  Nashville is not Las Vegas as our pricing trends have shown, and caution in these disturbed times is warranted.  But caution to the point of curling up in the fetal position under a desk helps no one.

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