Barb Schlinker The Real Estate Voice

The market is red hot and sometimes the appraiser does not think the home is worth what the buyer agreed to pay, tell us about that.1.  Yes, it’s exciting and very scary for home sellers at the same time.➢For the 3rd month in a row in the summer inventory went DOWN➢Some sellers are reaching for the moon on prices and not getting it➢Others are priced ok but getting bidding wars over asking price putting the appraiser’s opinion of value in doubt2.  We have had a few cases where the appraisers have come back and said the home is not worth what the buyer agreed to pay. This can be very frustrating for a home seller.➢Options:  Lower price to appraisal○Say no and get buyer to make up diff in cash○Negotiate in between■Lear Story1.  Price Realistically NOT Optimisticallya.  Toms story2.  Look at similar recent and active sales.3.  Condition is big:a.  Its an opinionb.  Try to make the house look nice for the appraiser visit4.  We meet the appraiser, provide similar sales and tell them about improvements5.  You want t