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Let the games begin!
Let the games begin! Ok, so I just received a call today. I’ve kind of been expecting it but was hoping it wouldn’t come for a while. The call I received was from an Appraiser. Now, since I sell a lot of properties in my market, I get one of these about every week, asking me about a recent sale, so they can use it in their appraisal. I always try to answer any of their questions and try to be as helpful as I can. Why? Because I want to be the “go to guy” in my market. Also, Appraisers buy and sell houses. I usually get a couple of listings a year from Appraisers wanting to sell in my market area, Poinciana Fl. So having them call me is a good thing.
Today was different. Today, he was asking me about one of my pending listings. He had plenty of sold comparables but the few he had, that were pending, were listed for about 10% below recent comparable sales. I spoke to him for a few minutes and he explained to me that he was making downward adjustments based on current market conditions. Did you catch that? Downward adjustments. As ... more
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