With the sizzling competition on obtaining listings, many homes are sitting on the market because of realtors over-pricing the home because they wanted to obtain the listing.  Then when the home does not sell, they suggest to the home owner that the price be dropped.

Wouldn't it be best if the seller invest in an appraisal and really know the true value of the home, instead of believing in a realtor's estimate and hoping for the best?  The seller can always pass on the appraisal as an incentive to the buyer, thus saving the buyer some cash.

Yes, not all realtors use this method to obtain homes, but the ones that do are creating an increase in the number of homes on the market.

A certified appraiser's value is the true value and the value that will be used by the buyer's lender.

Ann Sabbagh

Vice-President Seacoast Mortgage

www.annsabbagh.com

 

 

 

Ann Sabbagh, Vice-President

"The BEST compliment is a client referral: Thank YOUUU!"

Seacoast Mortgage Corporation

401-305-6906 or 508-243-1190

Residential & Commercial Financing

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RIAR: teacher for "The Mortgage Course"; "Valuation of Commercial/Investment Real Estate"; "Reading Financial Statements"

 

"When you choose me as your mortgage consultant, you also choose a financial planner who cares about YOUR financial strength."

 
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3 Comments on Realtors: In this market, isn't it a good idea to have the seller invest in an appraisal and not just have a CMA done?

JUL
26
2008

ABSOLUTELY! I always recommend one if the Seller and I disagree on the price and my Sellers will usually listen.
11:00pm • #1
249,223 Points 13 Featured Posts Localism Sponsor Outside Blog

So true. It is hard to get sellers to do this, although it shouldn't be. It sure would take the pressure off us sometimes. In fact, it is probably a great idea to suggest it at listing appointments.
11:12pm • #2
JUL
29
2008

I agree with this one!  I just lost a listing, the seller truly believed his property to be worth $500K, even though I substantiated that it was not.  He wanted me to pay for the appraisal to prove he was wrong!  NEXT! 

Thanks for the blog!!
Sandy Bliven
6:30am • #3


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Ann Sabbagh, President, Sr. Loan Officer

Pawtucket, RI

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Seacoast Mortgage Corporation, RI, MA & CT

Address: 267 NEWPORT AVENUE, PAWTUCKET, RI, 02861

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Seacoast Mortgage: Your place for:RI loans, MA loans, CT loans, FL loans, commercial loans, residential loans, FHA, VA, USDA, 100% financing, FSBO (for sale by owner) assistance. Find a loan in RI, find a loan in MA, find a loan in CT,RI mortgages,CT mortgages,FL mortgages,MA mortgages. Do you qualify for a loan? At Seacoast Mortgage, we qualify you within your means. What you can afford is different than what you qualify for. Call us today!


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