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John Quinn에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 John Quinn 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.
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How Should I Handle a Low Appraisal?
Manage episode 283161892 series 2406726
John Quinn에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 John Quinn 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.
Commonly, a home’s price will be run up in a multiple-bid situation. The seller is delighted at first but will run into problems when the appraiser comes into the house and assesses it at a lower price. We recently had a home that was appraised at $30,000 below the agreed-upon purchase price. How do we handle this kind of situation? The very first thing is to look to see if there are any mistakes in the appraisal itself. Was some square footage omitted? It happened to us recently. Another time, the appraiser forgot about a garage workshop in the back that had at least $10,000 of value. “Just because you have a low appraisal doesn’t mean you have a dead deal.” If there aren’t any, we go take a look at the comparable sales that the appraiser used to justify their value. If we can find more recent or accurate information, we get that information to the appraiser to justify our protest. If the appraiser doesn’t budge, the most common course of action is for sellers to take the appraised value and use it as the sale price. However, you have other options. Maybe it’s your dream home and you have a little extra cash, so you can pay the difference in cash. Not everyone can do this, but it’s a good example of opportunities to negotiate after a low appraisal. Oftentimes, the buyer and seller end up both bringing cash to the table to meet in the middle. Just because you have a low appraisal doesn’t mean you have a deal that’s dead. If you have any questions about appraisal or anything else related to real estate, don’t hesitate to reach out via phone or email. I look forward to hearing from you soon.
…
continue reading
57 에피소드
Manage episode 283161892 series 2406726
John Quinn에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 John Quinn 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.
Commonly, a home’s price will be run up in a multiple-bid situation. The seller is delighted at first but will run into problems when the appraiser comes into the house and assesses it at a lower price. We recently had a home that was appraised at $30,000 below the agreed-upon purchase price. How do we handle this kind of situation? The very first thing is to look to see if there are any mistakes in the appraisal itself. Was some square footage omitted? It happened to us recently. Another time, the appraiser forgot about a garage workshop in the back that had at least $10,000 of value. “Just because you have a low appraisal doesn’t mean you have a dead deal.” If there aren’t any, we go take a look at the comparable sales that the appraiser used to justify their value. If we can find more recent or accurate information, we get that information to the appraiser to justify our protest. If the appraiser doesn’t budge, the most common course of action is for sellers to take the appraised value and use it as the sale price. However, you have other options. Maybe it’s your dream home and you have a little extra cash, so you can pay the difference in cash. Not everyone can do this, but it’s a good example of opportunities to negotiate after a low appraisal. Oftentimes, the buyer and seller end up both bringing cash to the table to meet in the middle. Just because you have a low appraisal doesn’t mean you have a deal that’s dead. If you have any questions about appraisal or anything else related to real estate, don’t hesitate to reach out via phone or email. I look forward to hearing from you soon.
…
continue reading
57 에피소드
Semua episod
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