Author Topic: The $9 Billion Witness: Meet JPMorgan Chase's Worst Nightmare  (Read 3524 times)

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Offline MACVSOG68

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Re: The $9 Billion Witness: Meet JPMorgan Chase's Worst Nightmare
« Reply #25 on: November 09, 2014, 02:02:40 pm »
Five appraisers may come up with five different estimates of value.

The market usually dictates what a property is worth.

And a cash buyer can change the comparables of a neighborhood over night.  Especially in a Seller's Market, where buyers outnumber sellers.

Here we're in a buyer's market.  From my experience with this property with its acreage, the comps looked pretty strange, but the appraisal worked for everyone, realtor, bank, buyer and seller.
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