You've finally secured a contract to sell your home and think the closing is just a formality?
Not so fast. Things have changed in the real estate world we now live in. Lenders are much more cautious in every way
Declining prices have appraisers scrutinizing home values with a very conservative eye. One aggressively priced sale can create a more broad range of comparable values, and its critical that a seller's agent have a firm handle on comparable sales, should a dispute over the appraisal arise during the contract period.
Its not that uncommon, in todays market, for brokers to have to order an additional appraisal and/or walk the appraiser through differences in quality between the comparable homes.
Another problem we see is the approved lists that Lenders maintain. Available appraisers can come from all areas of the region with little knowledge of the region the subject home exists.
Another reason to enlist the help of a seasoned broker with a detailed knowledge of the homes in your price range in your community.
If you need any questions answered about Huntersville Area Real Estate please contact your Huntersville area agent at 704 451 7051 or by email!
See Also:
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