The inspections are done, the results now satisfactory. The buyers bank has ordered the appraisal. Welcome to Day 7 of my 10 blog series of the "Top 10 tips" for Home Buyers looking to buy their dream home.
#4. What is the appraisal process like anyway?
The appraiser will call the listing agent. The listing agent should attend to offer the necessary information an appraiser may require. The buyer agent is not allowed any longer to have contact with the appraiser. It is pretty rare for a buyer to attend an appraisal.
The appraisal will show the bank what the value of the property is. Most often it is said to be used by banks to confirm the sales price is at least what the value is.
The appraiser will look at similar sales and listings. Usually similar style, conditions and within 20 years in age and 20% in size. They will add or deduct for differences.
In the end, most appraisals are fine. If your appraisal comes in lower the sales price, this is where a GOOD buyer agent can shine getting the situation resolved.
The most critical part of Buying or Selling a home is the Agent/Broker you choose.
You have a choice of agents. Use your choice to hire the BEST agent in your area.
YOU deserve the BEST service when Buying or Selling a home
LEARN THIS ONE FACT:
One should know that
All Agents are not created equal and every buyer or seller should take the time to hire the BEST not just the biggest Agent or Company.
It does not take magic to turn your "For Sale" sign into a "Sold" sign.7es in Listing homes like yours.
To CONTACT Scott Godzyk please call 603.661.2121 or EMAIL: Sctprop@aol.com .
About the Author: Scott Godzyk is the Owner/Broker of the Godzyk Real Estate Services in Manchester NH. Proud to be locally owned and operated with 30 years of experience, Scott is a leading Agent for Listing and Selling Homes in this area.We are Full Time Agents ready to serve all of your Real Estate needs with an infamous philosophy, which is simple: To provide more personal and professional service to guide my clients through each step of the buying or selling process.
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