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Tag: listing agent

How NOT to sell your House

“Now is the time to buy!” 
We have a great client who is ready to buy;  she has a pre-approved loan; 20% down payment which is a rarity in this market; nothing to sell — so she is a non-contingent buyer; she can be flexible on her closing time.  A slam-dunk buyer. 
Lets back up a bit [...]

What happens if a lenders appraiser appraises a home for much lower than negotiated sales price?

Recently a client asked me what would happen if the appraisal came in lower than the sales price. 
 
Here are the five options if the appraisal is lower than the sale price:
1. Re-negotiate the purchase price with the seller. .
2. Walk away from the purchase.
3. Appeal the appraisal and/or get another appraisal
4. Seller carry back a [...]