appraisal: Appraised Values not meeting the mark
- 04/21/09 09:34 PM
I recently had a client that I represented as the buyers agent...we looked at properties for months, put in offers and finally got one under contract. Luckily it was the best one that we had looked and an absolute steal. Everything went well through the transaction except when we got the appraised value (VA Loan), which ended up being $10k short. At first I thought it wasn't a big deal and $10k didn't seem like much when the property is valued at more then $500k, but it sure is ending up to be a HUGE headache. The main problem is that … (10 comments)
Chris M.T. Bodden's perspective on the local real estate market in Hawaii.
I am committed to serving my clients needs in all aspects of real estate, & being their 'go to guy' when it comes to real estate. I specialize in residential real estate on Oahu/HI, covering everything from luxury properties to short sales & foreclosures. With the high number of foreclosures & short sales in todays market, I have adapted to keep the upper hand & make sure that my clients get the best service possible. In addition I also work extensively with people in the military who are relocating to or from Hawaii. First time home buyers are another major area of my expertise. I used to be a Loan Officer this is a huge asset to my clients because I can help point them in the right direction & make sure that they are getting the best deal possible. I have yet to have a client who has not been satisfied with my service. Buying or Selling real estate I can help you.
More information at www.BoddenRealEstate.com.
I recently had a client that I represented as the buyers agent...we looked at properties for months, put in offers and finally got one under contract. Luckily it was the best one that we had looked and an absolute steal. Everything went well through the transaction except when we got the appraised value (VA Loan), which ended up being $10k short. At first I thought it wasn't a big deal and $10k didn't seem like much when the property is valued at more then $500k, but it sure is ending up to be a HUGE headache. The main problem is that … (10 comments)
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