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06057 : Real Estate Advice

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  • Home Buying2
  • Home Selling1
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Activity 3
Wed Sep 19, 2012
Julie Fedorovich answered:
technically you could request to be present during the presentation of your offer. Not always the 1st choice for everyone involved or may not make sense geographically.
Hopefully you are working with professional Realtors that abide by ethics. Good luck... ... more
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Thu Sep 6, 2012
Kris answered:
Unless the seller has requested the agent "hold back" low ball type offers....most states require the agent to present ALL OFFERS
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Wed Feb 1, 2012
Dan Tabit answered:
Nana,
If you refuse that contingency, I would take my offer off the table. I understand why you wouldn't want that as a seller, but no buyer or competent buyer's agent would submit to those terms in this lending environment unless they were stealing the house from you.
Typically if the house doesn't appraise for the agreed upon price or more you would have the options of seeking another appraisal to meet that price, lowering the price to the appraised amount or the buyer would need to have sufficient cash to make up the difference as the bank won't consider it.
Appraisals are out of the agent's hands these days. We can no longer call on our local appraiser and threaten them with the loss of our business if they don't come in at value or better. Appraisers are supposed to be independent and non-partisan to the buyer, seller or lender. The current system has flaws, but it works for now.
... more
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