Then again, this could just be a normal fluctuation that happens from week to week.

Hopefully this is all just temporary and things go back to normal by the end of summer

Hi Svetlana,There are rules governing the methods used to determine what is called in Appraiser land FMV - Fair Market Value.Appraisers have to follow the procedures in their manual USPAP (Uniform Standards of Professional Appraisal Practices) normally this leads to FMV being determined on appraisals of property sold in the past 6 months.

Hopefully this situation will be well under control and we will be getting back to normal by then.

@Brian Haskell Good, good its not all doom and gloomAre those normal numbers?

Also the time frame for completion can get stretched out by normal or abnormal circumstances increasing holding costs.

I heard a few opinions that now may actually be a better time than normal to pick up a buy and hold deal just because so many buyers are afraid to get out there, but the logistics of doing so as a first time buyer seem to be a major roadblock.Thanks for your speedy responses!

And the appraiser normally works around the tenant's schedule anyway.  

If there aren't a lot of years left (I wanna say 35 but don't quote me), then a conventional bank won't give you a normal loan on the property.

Well, like everyone else I've been worried about keeping parents safe, home-schooling kids and economic security. BP has been a source of information, occasional frustration, distraction and humor. So I thought it wou...