Comments on: Does a foreclosure on a house lower the value of other houses? http://www.jjrealestatebg.com/usa-real-estate/does-a-foreclosure-on-a-house-lower-the-value-of-other-houses Pure Real Estate Fri, 27 Mar 2009 10:53:13 +0000 hourly 1 http://wordpress.org/?v=3.0.3 By: godged http://www.jjrealestatebg.com/usa-real-estate/does-a-foreclosure-on-a-house-lower-the-value-of-other-houses/comment-page-1#comment-868 godged Tue, 20 Jan 2009 12:52:37 +0000 http://www.jjrealestatebg.com/usa-real-estate/does-a-foreclosure-on-a-house-lower-the-value-of-other-houses#comment-868 Most comparables for appraisal value are only used for the past 6 months to a year. So if you are not planning for refi or sell within the next year, you should be fine. But if there are more foreclosures for comparable properties in your area, those will also effect the appraised value. Most comparables for appraisal value are only used for the past 6 months to a year. So if you are not planning for refi or sell within the next year, you should be fine. But if there are more foreclosures for comparable properties in your area, those will also effect the appraised value.

]]> By: cuttin_in_mcfly http://www.jjrealestatebg.com/usa-real-estate/does-a-foreclosure-on-a-house-lower-the-value-of-other-houses/comment-page-1#comment-867 cuttin_in_mcfly Tue, 20 Jan 2009 04:56:33 +0000 http://www.jjrealestatebg.com/usa-real-estate/does-a-foreclosure-on-a-house-lower-the-value-of-other-houses#comment-867 Yes! I recently attempted to refi a house I've owned for 10 years. The value has grossly diminished due to foreclosures and short sales in the area. Two of the houses the appraiser used were short sales. I now have less equity in the house than I did when I bought it. If you are NOT planning to sell or refi in the near future, however, it shouldn't be a problem for you. The market should stabilize eventually. Yes! I recently attempted to refi a house I’ve owned for 10 years. The value has grossly diminished due to foreclosures and short sales in the area. Two of the houses the appraiser used were short sales. I now have less equity in the house than I did when I bought it.

If you are NOT planning to sell or refi in the near future, however, it shouldn’t be a problem for you. The market should stabilize eventually.

]]> By: stephen t http://www.jjrealestatebg.com/usa-real-estate/does-a-foreclosure-on-a-house-lower-the-value-of-other-houses/comment-page-1#comment-866 stephen t Sun, 18 Jan 2009 22:48:50 +0000 http://www.jjrealestatebg.com/usa-real-estate/does-a-foreclosure-on-a-house-lower-the-value-of-other-houses#comment-866 Yes, there have been extensive studies about foreclosures lowering housing values. It should not have an effect on your house if you are not planning to sell. It may effect a refi of your house. Also, foreclosures/abandoned houses attract crime and can become a nuisance. Yes, there have been extensive studies about foreclosures lowering housing values. It should not have an effect on your house if you are not planning to sell. It may effect a refi of your house. Also, foreclosures/abandoned houses attract crime and can become a nuisance.

]]> By: robert w http://www.jjrealestatebg.com/usa-real-estate/does-a-foreclosure-on-a-house-lower-the-value-of-other-houses/comment-page-1#comment-865 robert w Sun, 18 Jan 2009 14:57:38 +0000 http://www.jjrealestatebg.com/usa-real-estate/does-a-foreclosure-on-a-house-lower-the-value-of-other-houses#comment-865 sorry yes. however now u can fight ur tax assessment cause houses$ are lower than tax authority says they are. sorry yes.
however now u can fight ur tax assessment cause houses$ are lower than tax authority says they are.

]]> By: luchadore http://www.jjrealestatebg.com/usa-real-estate/does-a-foreclosure-on-a-house-lower-the-value-of-other-houses/comment-page-1#comment-864 luchadore Sun, 18 Jan 2009 02:55:02 +0000 http://www.jjrealestatebg.com/usa-real-estate/does-a-foreclosure-on-a-house-lower-the-value-of-other-houses#comment-864 no not usually...appraisers ( people hired by banks and lenders to asses the value of the home so banks don't loan out too much money for property) don't normally look at forclosures when assessing the value of a not bank owned property. Will it make your life difficult as a seller, because every buyer on the planet will want you to sell your neighboring property at the same bargain basement price... YUP. no not usually…appraisers ( people hired by banks and lenders to asses the value of the home so banks don’t loan out too much money for property) don’t normally look at forclosures when assessing the value of a not bank owned property. Will it make your life difficult as a seller, because every buyer on the planet will want you to sell your neighboring property at the same bargain basement price… YUP.

]]> By: financialpeas http://www.jjrealestatebg.com/usa-real-estate/does-a-foreclosure-on-a-house-lower-the-value-of-other-houses/comment-page-1#comment-863 financialpeas Sat, 17 Jan 2009 18:57:42 +0000 http://www.jjrealestatebg.com/usa-real-estate/does-a-foreclosure-on-a-house-lower-the-value-of-other-houses#comment-863 The value of your house is based on the value of other sales of similar houses in the area. So, a foreclosure drags them all down. If you are not selling or refinancing, it's not an issue for you. The value of your house is based on the value of other sales of similar houses in the area. So, a foreclosure drags them all down. If you are not selling or refinancing, it’s not an issue for you.

]]> By: Pearland Real Estate Guy http://www.jjrealestatebg.com/usa-real-estate/does-a-foreclosure-on-a-house-lower-the-value-of-other-houses/comment-page-1#comment-862 Pearland Real Estate Guy Thu, 15 Jan 2009 04:14:52 +0000 http://www.jjrealestatebg.com/usa-real-estate/does-a-foreclosure-on-a-house-lower-the-value-of-other-houses#comment-862 If the house sells for less than its value, it will hurt your value. If the house sells for less than its value, it will hurt your value.

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