Real estate professionals across the country have expressed their concerns about how appraisals are hindering people from receiving home loans and even being able to refinance.
Austin, TX (PRWEB) December 12, 2011
Homes.org has just announced the latest addition to their fast-growing real estate website. The new Home Appraisal Guides were recently added to the Real Estate Resources section, which features up-to-date information on what buyer's need to know in today's market.
The Home Appraisal Guides were created using in-depth information provided by active real estate professionals and serves the important purpose of informing buyers about how appraisals affect their ability to buy a home, how recent changes in the real estate market are affect the home appraisal process, how home appraisals are calculated and what they can do to circumvent appraisal problems.
"Real estate professionals across the country have expressed their concerns about how appraisals are hindering people from receiving a home loan and even being able to refinance," said Ace Elliott, Editorial Director of Homes.org. "In fact, when we polled agents they listed appraisals as one of the top reasons that contracts fall through."
Homes.org also recently reported that even NAR chief economist, Lawrence Yun, attributed failures in loan underwriting due to appraisals coming below the contract price as one of the main causes for the high contract failure rate in October.
"Appraisals are a serious issue for buyers today. Homes.org wants to do its part to make sure buyers are fully aware of how this process affects them," adds Elliott. "Hopefully if buyers are better informed fewer contracts will fail as a result of appraisal issues. Because there are ways for buyers to safeguard themselves both before and after the appraisal value has been calculated."
To view the real estate resources section and for more information about the website, please visit: http://www.Homes.org
Homes.org is a fast growing real estate search portal that offers users much more than MLS listings. Homes.org gives users access to a rich collection of resources, including but not limited to, real estate listings, home owner finance tools and home service tools. Homes.org brings buyers, sellers and renters important information about the current markets and intelligent tools by partnering with real estate professionals from around the country. Homes.org is a subsidiary of Star Nine Ventures, Inc. headquartered in Austin, TX.
About Star Nine Ventures®
Star Nine Ventures® is an Austin-based, marketing-driven venture creation company targeting a wide range of national business-to-consumer online marketplaces. Star Nine's core mission is to build businesses that provide exemplary consumer experiences and unparalleled customer service.