Hope you got everything worked out Mooch. For your next go around you should definitely enlist a buyer's agent of your own. I work mostly as a sellers agent and the appraisal process has been a huge frustration for sellers too, because of distressed properties serving as comps. As realtors, we all know that the true market value of a home is the amount someone is willing to pay for it. That being said, the banks appraiser goes out and more often than not, the appraisal is lower than the agreed upon sale price. Sometimes it suits my seller to hold firm and not come down to the appraisal price. In this case, if the buyer doesn't have enough of a down payment and can't obtain a mortgage because of the appraisal, then he/she needs to bow out - with full return of deposit monies. Hopefully soon, appraisals and market values will be closer matched, in the meantime we all must struggle through the issue. Best of luck to you.... more
There isn't much interest because buyers have too much to choose from, too many choices, your listings have to stand out from the rest, what kind of exposure are you getting , are you choosing proper tools of advertising?
I have been to open houses lately that 20 or 25 people show up.... more