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Appraisal anguish (access required)

Realtors and investors are 
frustrated at how homes are being valued. And they say 
it could be killing sales

Realtor Thomas Harte had a contract on a 1920s-era home in Charlotte’s Elizabeth neighborhood. The five-bedroom, four-bath, fully renovated house at 425 Clement Ave. was listed at $790,000. With a tax value of $1.23 million, Harte thought the home would appraise at fair market value. Then came the disappointment. The late-August appraisal came in $25,000 below the contract ...

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