In negotiating a contract, once buyer and seller agree upon a price, the next real hurdle is the appraisal. Realtors finally exhale once that comes in since appraisals are so subjective. What happens if an appraisal comes in lower than the contract price?
Well the buyer's mortgage company won't lend more on the property than what the appraisal says the home is worth. There are basically three options - The seller could lower the price to mirror the appraisal, the buyer and seller can meet … (2 comments)
tampa sell quickly: Sellers, if you need to sell, please price the house reasonably
- 07/07/08 04:42 AM
Sellers, there are buyers looking to buy. They are out in high numbers right now since it's summer time, but they are looking for a super terrific price. There are so many bank owned homes and pre-foreclosures on the market. Your house will sell, but now is the time to price it well, unless you really don't need to sell right now. Price sells. If there is a house priced at $100 a square foot and your house is priced at $135 a square foot, the other house will be shown all day long, while your house just sits there with … (2 comments)
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Stephanie LeFew
Making Real Estate Easy for You-It's all about You
A recent study shows that sellers tend to overestimate the value of their homes by about 8%. 
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