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All I Want for Christmas is a Geographically Competent Appraiser!
Previously Posted on www.tonycard.com
 
This past weekend, I had clients come to see me who wanted to buy a cabin in the Fawnskin area.  For you who are not familiar with the Big Bear Valley, Fawnskin is a quite little community that sits on the north side of the lake.  After listening to what this couple wanted, I knew exactly what to show them.  There were a number of cabins that fit what they were looking for, but there was one in particular that I thought they would especially like.  I was right! As soon as they walked in to this cabin, it was obvious that this was the cabin for them.  After some back and forth with the seller's agent, we put the deal together and we are now in escrow. 
These clients are more than qualified to purchase this cabin.  Their lender has given me an approval letter, they are putting plenty of cash to put down and their FICO scores are through the roof.  Based off of comparable sales in Fawnskin, there should be no problem with the appraisal.  So, why am I so worried about this escrow closing?  The answer is "The Appraisal"
In the 5 ... more

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