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Home Buying in Johnstown : Real Estate Advice

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Activity 4
Mon Oct 17, 2011
Dee Nofziger answered:
When it comes to appraisals, the reason for thr appraisal is extremely important. County auditor appraisals are only for tax value. Appraisals done to purchase a home are done to secure a loan. Appraisals done to divide property in a divorce are another example, as are appraisals done for re-financing of a loan. With that being said, appraisals done to secure a loan do not factor in county auditor appraisals. as mentioned previously, the auditor does not visit homes to see what improvements have been done - or not done. They don't even do a drive-by, except to take front pics for emergency workers, if needed. County appraisals usually take into consideration frontage, acreage, and square footage, but not always. Lender appraisals take into consideration first hand information, condition, comparables, improvements, square footage, acreage, and frankly, the expertise (or lack there of) of the appraiser. ... more
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Fri Sep 30, 2011
Annette Lawrence answered:
Kimberly,
Less than 30% of homes listed as short sales are actually sold to new homeowners. The primary reason is exactly as you are experiencing. The process is so excruciatingly long that buyers get happy feet and decide to find another home.
Short sales are for the very patient. Short sales require a high level of trust in the professionals involved in the process. Be very aware, your agent, the listing agent, the negotiator for the homeowner are all going through the same distress.
Short sales, they simply aren't for everybody.
Hang in there until you get a response from the bank. Then,prepare to exercise more patience.

Best of success in buying your new home.
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Tue May 13, 2008
Christina Cavins answered:
Absolutely, but verify it with your lender just in case. Please let me know if you have any other questions, I'd be happy to help!

Christina Asad Edwards, REALTOR
2006 & 2007 Sales Masters Top Agent
Christina.AsadEdwards@RealLiving.com
www.teamedwards.info
mobile or text 937-205-4741
office 937-573-0082
fax 937-433-3561
Real Living Realty - #1 in OHIO!
Realty, Mortgage, Title, Relocation
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