clarkston mi home purchase: The Appraisal Contingency as a Negotiating Tool - 06/12/12 08:22 AM
There is so much more to writing an offer to purchase a home in Clarkston MI than in days of yore. At one time pretty much price ruled. Strength of buyer was important, but not as much as today. Today there are many more factors to consider in a Clarkston MI real estate transaction- is it a short sale, bank owned or good old fashioned non-distressed homeowner/seller?
You see more Clarkston houses go pending then back on the market (sometimes this will happen multiple times with one house) than I ever remember seeing. Appraisals are coming in low causing the financing … (3 comments)

clarkston mi home purchase: What If The Clarkston MI House Doesn't Appraise? - 02/13/12 09:23 AM
What If The Clarkston MI House Doesn't Appraise?
A common misconception is that the house must appraise for sale price and if it doesn't then the seller has to come down to make up the difference.
First of all everything is negotiable. When you make an offer on a house you can specify that the house must appraise for the sale price. Or you can specify that the house must appraise for X below sale price.
Why would you negotiate in a lower appraisal amount you ask? There are many reasons.
You may be in a multiple offer situation and this is a … (0 comments)