There are no real estate appraisers in Ireland

When I was in Ireland I learned that they do not have real estate appraisers. Over there the estate agent or real estate agent does the property evaluation. One of the issues being covered in the news while I was over there was that some agents were inflating some of the values by as much as twenty percent.

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Ireland and the UK is feeling the fallout from the mortgage mess in the US

I just returned from a trip to Ireland. I live in Arizona and coming from the desert I was in for a real shock. It just wasn't the weather or all the greenery. One thing I noticed from city to city was the amount of real estate for sale signs everywhere. This was even the case in the Isle of Man where I saw tons of Chrystals signs all over. There were Sherry Fitzgerald signs on every corner in Ireland. Sherry Fitzgerald is one of the biggest real estate companies in Ireland. I was told that Ireland is always six months behind of whatever the United States is doing. If this is the case they are in for a bumpy ride. I know that in Arizona this is still a huge inventory that needs to be dealt with before the market can turn around here.

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You can still do 100% financing in Ireland

I am currently in Ireland and saw a bank advertising 100% financing. I think they are about to learn the same lessons there as we are currently learning in the states. I was told that these are about to go away just like they did in the state. They should get them to go away as fast as possible.

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