Hagerstown REALTOR® Tilts Odds at Appraisal Time

It may be a fundamental element in nearly two-thirds of every residential real estate transaction, yet when you think about buying or selling a Hagerstown home, it’s not likely to be your major focus. Important though it may be, for most people, the appraisal process seems like a mere formality. After all, haven’t the seller and buyer already agreed to the deal? What’s left to do, other than dot the I’s and cross the T’s? Of course, if you are a cash buyer, you can choose to skip the appraisal altogether. If so, congrats - you are ready to buy as soon as you find the right property! But for the rest of us, if a loan is involved, so too is the lender’s appraisal – or appraisals. Yet many real estate agents are not a part of this element. The entire transaction hinges upon its success because the lender needs assurance that the property has at least the agreed value. If the home doesn’t comp out, the bank will not fund the loan. When it comes to the appraisal, I will admit to being one Realtor who favors the proactive approach. One way to help assure the right outcome at appraisal time is for your Realtor to meet the appraiser at the property -- armed with a package of comparables that support the agreed-upon price. Most appraisers may have uncovered the same comps already, but that’s not always the case. If my seller has completed upgrades or improvements, I also like to bring proof to help justify a higher price. Making the appraiser’s job easier is an important part of a Realtor’s job. As a trusted Realtor in Hagerstown, I’ve found that taking an active role during appraisal is an important way to protect my client’s interests. It’s a commitment I make to help insure that each and every closing finishes as planned. If this winter finds you looking for a Hagerstown Realtor who will be by your side from start to finish -- drop me an email, or give me a call!

http://www.RgRealtyCorp.com

My Blog

RG Realty Inc

240-329-9454

301-991-0207

 

3 Comments on Hagerstown REALTOR® Tilts Odds at Appraisal Time

JAN
11
1,951,797 Points 478 Featured Posts Localism Sponsor Attended Rain Camp Called Shot Master

Any appraiser can find comps but the matter of documented recent upgrades and improvements is what separates a good agent from someone who tells the appraiser to "just go".

 
3:30pm • #1
JAN
12
1,422,767 Points 41 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Good post Roberto . . it looks like you have your clients best interest at hand. .have a great day!
4:45am • #3
731,093 Points 15 Featured Posts Outside Blog Called Shot Master

Roberto, I totally agree! With appraisers from out of the area appraising properties in a lot of cases, it is a good ideal to provide them with information and comps. Good Post!
5:24am • #4


What does the graphic say?
Leave a response…

(optional)
Spam Prevention:
 
Gonzalez058 Rainmaker_large

Roberto Gonzalez

Roberto Gonzalez

Hagerstown, MD

More about me…

RG Realty Inc

Address: 5 South main St, P.O.Box 310, Smithsburg, Md, 21783

Office Phone: (240) 329-9454 x 202

Cell Phone: (301) 991-0207

Email Me

Robertos Hagerstown Real Estate Blog Real Estate in Frederick County, Washington County and Surrounding Areas.


Listings

Links

Archives

RSS 2.0 Feed for this blog