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I am of course a member of The National Association of Realtors, NAR.
I am member of The California Association of Realtors, CAR. ... show more
I am member of The California Association of Realtors, CAR. ... show more
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I have many interests, but God, my wife, family and friends are at the top of
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I am a Bay Area native. I have lived in San Jose for over 25 years. I am married with 2 grown children. I have worked in the food and high tech industries
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Charles Coachman answered:
Selvixxx,
These things happen and if you are within your contingency period by all means ask for a reduction in the sales price. Your agent should have been able to give you a CMA (market analysis) prior to you writing the offer. Do not hesitate in going back to the table and renegotiate, ask for the appraisal, because it should be studied by all sides to make sure that it is correct. There have been many appraisals over the last 15 months that have been way off. If you cannot have access to the appraisal there is a problem. because you are paying for it. Have everyone concerned do their jobs and check out that report. Of course the last resort is, do you have the money to make up for that loss or can you bring in an amount of money that would satisfy the seller?
I wish you the best as you move forward.
Charles Coachman
Keller Williams Realty
San Jose, CA
ccoachman@kwsv.com
charlescoachman.com
(408)439-0766
These things happen and if you are within your contingency period by all means ask for a reduction in the sales price. Your agent should have been able to give you a CMA (market analysis) prior to you writing the offer. Do not hesitate in going back to the table and renegotiate, ask for the appraisal, because it should be studied by all sides to make sure that it is correct. There have been many appraisals over the last 15 months that have been way off. If you cannot have access to the appraisal there is a problem. because you are paying for it. Have everyone concerned do their jobs and check out that report. Of course the last resort is, do you have the money to make up for that loss or can you bring in an amount of money that would satisfy the seller?
I wish you the best as you move forward.
Charles Coachman
Keller Williams Realty
San Jose, CA
ccoachman@kwsv.com
charlescoachman.com
(408)439-0766
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