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A who’s who–and who does what–guide to buying a NYC apartment

…Not surprisingly, “the ranks of mortgage brokers collapsed in the post-Lehman credit crunch era as banks–left holding bad loans that came through mortgage brokers–decided to reduce their dependence on them and keep the commission,” explains Jonathan Miller, president of appraisal firm Miller Samuel….

…“The job of an appraiser isn’t actually determining the exact value of the home, but rather taking an overall inventory of the market based on comparable sales and listings,” says Miller….

…“One of the worst things I see happening is people hiring an attorney just because they’re a family member or friend even though they know nothing about real estate transactions,” Miller says….

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#Housing analyst, #realestate, #appraiser, podcaster/blogger, non-economist, Miller Samuel CEO, family man, maker of snow and lobster fisherman (order varies)
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