Barb Schlinker The Real Estate Voice

What if the Appraiser Does NOT Think the Home is Worth the Sales PriceSegment 3What if the Appraiser Does NOT Think the Home is Worth the Sales PricePrices are spikingSellers are reaching for the moon on pricesBidding wars ARE COMMONOptions:  Lower price to appraisalJust Say NO! Buyer to make up diff in cashNegotiate in betweenHaystack StoryThe Elephant in the Room – Bidding OVER its ValueI see agents try to get a contract then….Appraisal low…weeks later, try to get it for a LOWER PRICE!WE STAY AHEAD OF THE VALUE / APPRAISAL ISSUEAt our office – we look a value many times:First meeting with sellerJust before we go on MLSWhile Presenting OFFERSAt APPRAISAL VISITWHAT CAN BE DONE IF THE APPRAISAL COMES IN LOW?LOW VA appraisal Can be challengedFHA and Conventional Great comps and communication with appraiser•APPRAISAL GUARANTEES•Attractive to Sellers•BEST Agents:Understands AppraisalsKnows Market Trends Knows how to Properly Select Similar SalesMANY OFFERS NOW ARE ANTICIPATING THE ISSUE.To Find out:Home ValueHow