Wow, say that 3 times! Often forgotten about, the Appraiser plays an important role in the sale of a home.Before taking a listing a real estate agent will conduct a comparative market analysis on the property and present the information to the Sellers. Ultimately, the Sellers have the right to choose the asking price and the agent can in turn choose not to represent the house if they feel it is priced too high. We are in the business of “selling” not “listing” homes and we spend time and money working towards that mutual goal we share with our Sellers. Besides the “comps” the Sellers need to be aware of the power of the appraisal, which the agent may have failed to mention. When purchasing a home most Buyers will [click to continue...]
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Which would you choose? Realtor.org posted an article about Buyer incentives. Potential problems are many. Using their example, if Sellers offer a $40,000 car with the house as an incentive, the house is still going to need to meet appraisal. Another example they use is offering a decorating allowance if there is a purple bedroom. You see this all the time for carpet allowances. Why not just paint the purple bedroom a more neutral color? And instead of offering a $10,000 carpet allowance, I think there would be [click to continue...]
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