Vanessa Boone

I'm a:	Real Estate Professional
Company:	ERA Cilione Real Estate
Location:	Philadelphia 19145
Phone:	(267) 575-7013

2 Answers

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About Me

Hi,

My name is Vanessa and I'm a real estate agent for ERA Cilione Real Estate. I would be glad to answer any questions you may have about selling or buying a home. My goal is to help you sucessfully sell or buy your home in todays market. Also, I would be happy to work with FSBO's and First time home buyer's as well. I will not only help you have a successful transaction, I willhelp educate you on the process as well. If you are looking for a rental in the Philadelphia Area, I can help you find it. Please feel free to call or email me with any questions you may have. I look forward to work for you. Have a great day!

PERSONAL: In my spare time, I like to read, write poetry, exercise, go to museums, and play with my two beautiful dogs (Missy-German Shepard and Rocky - Rat Terrier.)

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Vanessa Boone's Questions (0)

Vanessa Boone's Answers (2)

Appraising a home BEFORE listing it?

Asked Mon Sep 29 2008, 12:40 by wendy - Encino - Home Selling - 12 answers

Vanessa Boone answered:

That would be realistic to get an appraiser to appraise the home, if it's worth more than they original brought it for. But you have to realize that in a down market, the appraisal may come way less than what they brought it for. Usually, an appraisal is done when they take the subject property and compare it to other property that are similiar to the subject property to come up with what the home is worth. If that is the case and the seller is trying to get out of the mortgage and the appraisal comes back less than their mortgage balance, they are not going to accept the appraised value of the home. They want to atleast break even if they desperately what out. I believe another agent brought up the fact that mortgage companies would want to use their appraisals. I wouldn't trust the seller's appraisal. They may have a friend as an appraiser that would up the price just to get their friend a little more than it's worth. Hope this answers your question. - Mon Sep 29 2008, 16:00

My realtor told me I have to be pre-approved before he can show me any more houses, is this true?

Asked Mon Sep 29 2008, 08:33 by Juanzina - Philadelphia - Home Buying - 15 answers

Vanessa Boone answered:

I understand your frustration with the agent for not being up front with you in terms of needing a pre-approval letter to show homes. While it's not a need to have it to show houses, it's a need if you would like to buy a house. As others said before, an agent don't want to feel that he is wasting his time or yours looking for properties that you are not ready to buy. Especially in this market where buyers are "just looking" because there is a lot of inventory out there. I always ask my buyers are they pre-approved first or if they are paying cash a prove of funds letter or a bank statement before we start looking. Also, it shows us agents that you are serious...not staying that you are not. Even if you go to another agent, a good agent would ask you for a preapproval letter as well. So don't think that if you go with another agent that they wouldn't ask you for one. Good luck! - Mon Sep 29 2008, 09:04

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