"It is truly a gut wrenching situation, on everyone's part, to get all the way through the process, only to be told toward the end of the transaction that your value came in $10,000 under what you were anticipating."
There’s no question that today’s housing market belongs to the sellers, but that doesn’t mean it’s a wise choice to list your home at a higher price.
Pricing your house correctly actually sets you up for greater success.
This year I have seen the issue of home sellers and appraisers not seeing eye to eye on a home's value. Keep in mind, you will need the appraiser to agree to the value that you, as a seller and a buyer together, have come to terms on the contract. If a home in close proximity sells (closes) in between the time you list/price your home, and the time you close, it will affect how the appraiser sees your home's value. Remember, an appraisal is an opinion of value; and if the buyer is getting a loan, the only opinion that really matters is the appraiser's. I have seen sellers that have priced at the top of the market, and I have seen appraisers that are very cautious--not wanting to contribute to the fears of an artificial market, and therefore will not agree on the home's value. It is truly a gut wrenching situation, on everyone's part, to get all the way through the process, only to be told toward the end of the transaction that your value came in $10,000 under what you were anticipating.
DM me for advice on how to set the right price if you’re ready to make a move this year.
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Charles "Skip" Geiser
Plum Tree Real Estate Marketing