Prudential Douglas Elliman Real Estate Vice Chairman Dolly Lenz discusses why appraisers' low-ball offers are hampering the growth of the housing market with David Asman on Fox - America's Nightly Scoreboard.
Watch this video and let us (and them) know what you think of this story!!?
Dolly says . . "Nobody wants things low and slow." referring to appraisers' impact on the real estate transaction.
When asked what could be done to fix the problems she says:
"I think for one, they should have to provide comparable sales. So an appraiser saying this property is worth $300,000 . . .you have to provide numbers why. Not when "requested". Should "have to provide"."
Where in the world has Dolly been for the past 40-50 years?! Does she REALLY think that appraisers aren't providing support for their values?
Recent Comments