A couple of years ago I came up with this idea for why home prices were inflating. With most of my clients I was seeing concession for closing costs. It often made me wonder if by adding 3% to the full listing price to come up with sales price if that caused the inflation. I thought about it as a domino effect. I soon realized that no matter how it happened a ready and willing buyer was willing to pay for Salem homes for sale. Was it done with ill intent by appraisers? No, the factors involved were to complex and the appraisers were finding comps.
Am I alone in my thinkning on this? Did this encourage the mortgage debacle? Salem Real Estate ?
TREVOR ELLIOTT - BROKER CSP, GRI With 4 plus years experience I want to help you find your next home or sell your current one. I believe in a referral based business working with like minded people.
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