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Home Selling in Wasilla : Real Estate Advice

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  • Local Info4
  • Home Buying11
  • Home Selling6
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Activity 7
Sat Apr 15, 2017
Kathy Burgreen answered:
The purpose for an appraisal is to verify the value of the property for the lender. Therefore, the buyer pays the appraisal cost because the buyer is the one asking the lender for a mortgage loan. Lenders will not finance a loan unless they know the value of the property. The appraiser is hired by the lender - not the buyer. Laws were put in place that the appraiser has to be an independent contractor not involved with the real estate transaction. This is why a lender cannot choose which appraiser they want. Appraisers are randomly selected. Because it's up to the appraiser to determine a value for the home for the lender, it is critically important for realtors and owners to set a fair and realistic price from the beginning to sell a home. Realtors are always concerned when they take a listing, they want to sell it at a price that will be approved by an appraiser - somebody they have no involvement with.

For cash buyers (no lenders involved), it is up to the buyer whether they want to pay for an appraiser or not. It is not required but buyers who are not knowledgeable with the neighborhood will pay for an appraisal to verify the price they are paying for the home is fair and realistic.

If sellers are asked to pay a buyers closing costs including paying for the appraisal, this is up to the seller. Sellers do have the right to refuse. As a seller, it tells me that the buyer is not financially prepared to buy your home in the first place and should buy something less expensive.
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Mon Jan 4, 2016
Dan Tabit answered:
She probably just needs to sign a Quit Claim Deed removing her from having any interest in the transaction. Escrow companies regularly request these as a protection measure for all involved. Double check with them to make sure. ... more
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Mon Sep 23, 2013
Alison Hillman answered:
My name is Ali and I am Trulia’s Community Manager. I was a bit confused by your question in Trulia Voices, can you please provide a bit more information and I would be happy to try and help you- or find someone else who can.

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Sat Aug 31, 2013
Janice Associate Broker answered:
if you're looking in Wasilla, it would be Knik & Goose Bay for the elementary schools, Wasilla middle and high schools. happy to help if you have further questions!
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Mon Jun 18, 2012
Broc Murri answered:
Hi Kj,

"Broker Courtesy Considered" in short means that FSBO (for sale by owner) is offering to pay a commission to encourage agents to show their home to Prospective buyers.
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Sat Jun 2, 2012
Broc Murri answered:
Why is the sales commission considered high when if home prices are down so is the commission of the sell . Keep in mind all commissions are negotiable, but if your home doesn't sell what is the value of fighting for a low commission. ... more
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