I don't know how many times I have seen the appraisals on my short sale listings come in too high. In March 2012 I had a short sale approved at 103k and before we received our approval letter the appraisal expired. A new appraisal was ordered. I just received the new value yesterday.....yes, yesterday (8 months later) with a new value of 112500 and an offer needed of 110,000 to net the amount needed to approve. Now the buyer has walked.......
Tags:
My #1 recommendation is to list the property at the price you want the appraisal/BPO to come in at, then justify that price to the person doing the value. List aggressively and the values follow 9 out of 10 times.
© 2024 Created by Short Sale Superstars LLC. Powered by
Short Sale Superstars, LLC and www.ShortSaleSuperstars.com does not endorse the real estate agents, loan officers, attorneys, real estate brokers and other participants listed on this site. These real estate profiles, blogs, blog entries and forums are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a short sale. Short Sale Superstars, LLC takes no responsibility for the content on these pages that are written by the members of this community.