Special offer

Regardless of your best efforts......

By
Real Estate Agent with Coldwell Banker

Joe Head ShotIn today's real estate environment, it gets harder and harder to bring a residential transaction to closure.  You do your best to provide your Seller with a market analysis that provides a true reflection of home worth based on your professional experience.  Not only do you have to sell that price to your Seller, you also have to explain to the Seller that there is a possibility that the Buyer's mortgage company appraiser may not appraise the property for the negotiated sale price! In this case you may have to enter into another round of price reduction negotiations to satisfy the lender.  Better to present this scenario to the Seller upfront, rather than wait for the aforementioned scenario to unfold and potentially have the deal crater later on.

Tara B. Downing
Village Properties - Mineola, NY
Homes For Sale - Mineola Port Washington

Lots of great ideas to add to what I am doing now. Thank you so much for sharing them with us.

Jul 25, 2011 05:33 AM
Sandi Davidson
Florida's Realty LLC - Lehigh Acres, FL

Terrific advice Joe, doing your best to educate your clients is never a bad thing.

Jul 25, 2011 05:35 AM
Louise Thaxton NMLS 69996
Fairway Independent Mortgage Corp Louisiana NMLS#2289 Equal Housing Lender - Leesville, LA
Military Mtg Specialist - 866-960-9115 VA FHA USDA

Great advice!  Setting the expectations upfront is always the best.

Jul 25, 2011 05:38 AM