Groups are smaller communities within the larger ActiveRain. Join groups created by others. or start your own and
get others to join
This is the place to view the past and present contests put on by ActiveRain and its members. Everyone can join the
group and help encourage each other. Current contest will be highlighted posts so it's easy for you all to see. Let it
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AR's community takes the time to leave honest and transparent reviews of their experiences
so you can be a bit wiser about your purchase.
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Add new products as you use them and gain points for doing so
ActiveRain University (ARU) provides free on-line training. We coach, consult and support real estate professionals about real estate trends, technology and social media.
ARU Calendar provides class types and registration links
Watch short tutorials on updating your photo, inserting a hyperlink and much more
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Whatever it is you're into and wherever you are, AR surely has a group for you to join.
Brand, off the wall, specific subject matters…whatever it is you're looking for.
Each time you write a post you can syndicate your post to 5 groups.
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Find some that are close to home and close to heart
Each month AR runs numerous contests as a way for our members to engage in activities
that will boost their business and increase their visibility in the community and beyond.
Earn points by partaking in these contest and climb the leaderboard
Do what's good for you and your business by participating
If you have an idea for a contest, just let us know
Stay motivated and on track with new contests popping up each month
Ask a Real Estate Question
Here's another avenue for you to build relationships with others. Share your expertise with someone searching for answers.
Play the teacher role and help someone out today
Your Homepage will alert you of new questions in your state
A wonderful way to open a door to a possible new client
Ask a question yourself to get help
These state pages or hyper-local pages provide content directly related to a specific geographical location.
State, County, City and Neighborhood pages make it easy for consumers to find what they're looking for.
Post your listings, school information, local events, market reports and more
Consumers peruse these pages for information
Farm your niche market and cover all the happenings in your neighborhood
What Happens if the House You're Buying Does Not Appraise?
If you are purchasing a home and financing it with a mortgage, the bank will require an appraisal of the property to determine its market value before committing to a mortgage. They determine the dollar amount they are willing to lend you based on the appraised value of the house as opposed to the purchase price of the house. Hopefully the two numbers will be one and the same.
But, what happens if the house you're buying does not appraise, and the appraised value is less than the agreed upon purchase price? You've got several options.
You can renegotiate the deal and try and get the seller to drop the price to the appraised value. This is the best option. It will allow the sale to go thru as planned. If the seller refuses to drop the price, he runs the risk of losing his buyer and in all probability the next buyer that comes along will have the same problem of the home not appraising. No one wants to purchase a home at a higher than market value price.
The buyer canmake up the difference between the appraised value and the agreed upon sale price by putting extra cash down. Of coarse this is only an option if he has the cash and if he's willing to purchase a home at a higher than market value price. If this is the house of his dreams, then it may just be the seller's lucky day!
The seller and the buyer split the difference and meet somewhere in middle. The seller reduces the price somewhat and the buyer brings cash to the table. This is the most frequent solutions.
You can cancel the transaction. If all else fails and your purchase offer was contingent on mortgage and appraisal, then you could walk away from the deal and still get your deposit money back.
If none of the above options work there still remains one other possibility. The buyer can try to get the appraisal adjusted. Appraisals are based on the choice of comparable sales within the past 60 days within a radius of a few miles, and within 10% variance in size. If you know of any homes in the immediate area that are pending sales, similar in size and value, that the appraiser overlooked, you can offer it up for consideration. It's worth a try!
Hopefully, you and your realtor have done your homework and your offer based on the current market stats will have no appraisal issues. But, not to worry if there are glitches; most can be remedied.
If you're looking for a home inSuffern NY or anywhere else in Rockland County, I'll be happy to be your guide and help you navigate through the home buying process and smooth the bumps along the way..
Lora "Leah" Stern - Your Rockland County, NY REALTOR of Choice - (914) 772-4528
Your Rockland County, NY Real Estate Specialist
(914) 772-4528 CELL (845) 369-1938 DIRECT LINE (845) 634-0400 OFFICE (862) 345-2463 FAX
If I can assist you in any way with your real estate needs in Suffern, NY Rockland County or the surrounding areas, please feel free to contact me by phone at (914) 772-4528, email me atLeah.Stern@cbmoves.com or visit my website .
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.