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Right on ...
Posted by BobbiCT of CT on 7/15/19 6:50am Msg #608411
To quote a very very long time Professional Appraiser and occasional seller's agent: "You house is only worth what someone else is willing to pay for it."

1. It's not a "home," it's a house.

2. "Occasional" because when talking with a person who wanted to list their "home" for sale, he would quote a range. Quite a few times the "high" was too low. OK, that's the most he would list it for ... the person walked away and listed the house with an agent who PROMISED them a much higher selling price - more what the person wanted to get. May have lost the commission, but often smiled when we read that the house 6 months to a year later sold for at or often below what he would have listed it at (with the price being reduced by $5,000 every 3 months or the seller switching to ANOTHER real estate agent).

3. Lesson sellers, once buyers, don't learn: List at a reasonable fair market value price today and sell in a realistic time fram. ANY real estate contract will have a 1) subject to an appraisal, 2) subject to financing, which is contingent on the appraisal, and 3) unless it's fixer upper (little or no financing) subject to a home inspection - where the inspector finds your septic tank needs repair or there's mold in the attic or basement that needs "certified removal" before the buyer's lender will approve a loan on that house.
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Messages in this Thread
 how does this happen? - notarydi/CA on 7/14/19 12:57pm
 Re: how does this happen? - Lee/AR on 7/14/19 2:26pm
 Re: how does this happen? - Luckydog on 7/14/19 2:30pm
 Re: how does this happen? -  JanetK_CA on 7/14/19 3:14pm
 there was a bidding war.... - notarydi/CA on 7/14/19 4:15pm
 Re: there was a bidding war.... - Luckydog on 7/14/19 6:37pm
 Re: there was a bidding war.... -  Anita Edwards on 7/16/19 9:54am
 Hooray for the buyer's agent! - Bear900/CA on 7/15/19 1:26am
 It's Di who is right... ;>) n/m -  JanetK_CA on 7/15/19 1:57am
 Right on ... - BobbiCT on 7/15/19 6:50am
 Re: Right on ... Totally agree w/BobbiCT - Lee/AR on 7/15/19 7:12am
 Re: Right on ... - Luckydog on 7/15/19 9:43am
 Access to same sales data, does not mean they are comps - sigtogo/OR on 7/15/19 12:03pm
 Re: second appraisal - Jules on 7/15/19 10:24am
 the seller's agent - notarydi/CA on 7/15/19 11:47am
 i thought you meant the agent was on vacation! - sigtogo/OR on 7/15/19 12:01pm
 so many unanswered questions to figure out what happened! - sigtogo/OR on 7/15/19 11:56am
 Notarydi/CA: This Is What I Think Happened -  PegiT_MN on 7/15/19 4:23pm



 
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