Appraisals      

Every buyer that will be financing the purchase of your home will need to have an appraisal done.  This is to satisfy a contingency from their bank to make sure that purchase price is aligned with the market.

Due to an abundance of buyers and very low interest rates Home prices are going up. What is the Value of Your Home? Buyers are able and willing to pay more for homes and at times their offers are outpacing the appraisals needed to close on the sale.  Not only can this cost you time and money but adds stress and jeopardizes the sale of your home.  What is needed is to have a frank and honest discussion about the value of your home and expectations.

Some of the topics included in this discussion are

•          Current mortgage products
•          Strategy regarding pricing and response to appraisal
•          How to view and understand offers

To learn more about how appraisals can impact the sale of your home contact me.