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Home Selling in 93772 : Real Estate Advice

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Activity 21
Sun Feb 10, 2013
Margaret Amador answered:
Sun Feb 10, 2013
Annette Levinson answered:
That will depend upon whether the house is owner occupied or an investment property. Speak to your accountant for the correct answer.
0 votes 4 answers Share Flag
Fri Jan 25, 2013
Marcantoni & Sanderson answered:
Go to www.Fresno-RE-Group.com 'Sellers Resources' section for a list of effective things you can do.
0 votes 6 answers Share Flag
Wed Feb 1, 2012
Linda S. Cefalu answered:
Your agent may have a good reason for listing it way he/she did. However, usually the extra bedroom would win over the study, but not always.
0 votes 5 answers Share Flag
Sat Apr 16, 2016
Shane Milne answered:
The appraiser is correct, it does not work that way, but if 50 feet is significant then it can affect the value. If you have a 1,850 sq ft home then 50 sq ft isn't going to make a difference... however if you are looking at studios in NYC at 400 sq ft, then yes another 50 sq ft will have an impact as that is a significant percentage of the living space. ... more
0 votes 8 answers Share Flag
Wed Aug 24, 2011
Jim Simms answered:
First, it isn’t your appraisal. Past that, do not waste your time unless you can provide proof the appraisal is wrong, in other words furnish a couple of comparable sales that justify the dispute. I have had builders and Realtors furnish me comps with lower sale prices than what the disputed appraisal used while asking for a higher value. Go figure???

Ask your realtor to provide at least 3 comps in the same neighborhood where your home is located that have sold and closed in the last 3 to 6 months. It only takes one comp to raise the question, however the more you have the better your claim. Unless you can provide solid proof the numbers are wrong most appraisers will stand with the original amount. As for loosing the buyer, who knows? They all are skittish these days.

Good luck!
... more
0 votes 3 answers Share Flag
Mon Aug 29, 2011
Don Tepper answered:
Just because you got a low appraisal doesn't mean the appraiser was crooked. It's happening a lot nowadays.

Why do you think it was "crooked"? Further, how did he benefit from the low appraisal? Follow the money; how did it benefit him?

Further, it might be legitimate for him to compare foreclosed homes with yours. If a buyer came into your community looking for a house somewhat like yours, would that buyer be able to find a foreclosed home for less than the house you're selling? If so, then--unfortunately for you--those foreclosures are comps. They're comparable to yours.

You could always file a complaint with the state regulatory office. But they're going to be asking some of these same questions: What basis do you have for saying the appraiser is crooked?
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0 votes 5 answers Share Flag
Mon Aug 22, 2011
Joe Cusumano answered:
The short answer is that it is impossible to know what their logic is. It really depends on the investor who holds the loan. If they have pmi they are more opt. To foreclose if they need the cas asap. It depends on what they are trying to do. I tried making sence of it all so I would not go crazy. Our logic and their logic is not the same. ... more
0 votes 5 answers Share Flag
Sat Aug 20, 2011
Fred Glick answered:
Do what a Judge did in New York who got screwed by an appraiser. Sue him.

Appraisal fraud is actually up 50% since the implementation fo something called HVCC, which was a license for banks to make money from the appraisals, raise the price of them to the consumers and get the cheapest appraiser they can find (Not all companies do this, but the practice is rampant).

Take them to a local court and make them prove that they did their job. Enjoin the buyer, the real estate agents and anyone else connected with the transaction who lost money because of this.

Additionally, name the company he works for, the company that assigned the appraisal and the bank that the buyer was going through.

You should get the court date within a month or the lender will take care of getting the appraisal done right.

You can also report him to the appraisal board in Sacramento and even the state AG office. Neither one of these agencies likes fraud.

This is the only way to stop this nonsense.

I am happy to help and tell you more if you need more information.

Best of luck,

Fred Glick
415-683-6950
fred@fredglick.com
... more
0 votes 6 answers Share Flag
Mon Mar 7, 2011
Brad Davidson answered:
I doubt you need to worry about it too much. The title company will take care of any discrepancies during the transaction when you sell the property.
0 votes 7 answers Share Flag
Fri Dec 10, 2010
Raymond Garcia answered:
Hi Joe,

I know that you want feed back from non-agents, however, I can tell you that we still have the agents card on our fridge from when we bought our house 15 years ago. The agent always sent a card or christmas ornament! and yes, I would have used the company as the agent reflected well on them.

Good Luck,

Ray
... more
0 votes 5 answers Share Flag
Fri Nov 12, 2010
Tom & Kim Hunter answered:
Hello

If you want to email us tom@huntershomes.comthe address we can pull comps for you or we can do a BPO (Brokers Price Opinion) if you desire.

Thanks

Tom & Kim Hunter
London Properties ... more
0 votes 2 answers Share Flag
Wed Sep 15, 2010
Jeremy Smiley answered:
Here are the numbers for the average home in Fresno, >$100k, over the past 6 months, NON SS,REO...

3 beds - 2.15 baths - 1,886 sq ft - $238,045 List price - $229,662 Sales price - 59 days on market ... more
0 votes 2 answers Share Flag
Wed Sep 15, 2010
The Medford Team answered:
Confused In Fresno:

Base on what you've stated, here is my opinion:

The contract is the final authority, NOT what someone “thought” was agreed upon. If the buyer wants the contract to change, all changes have to be agreed upon by BOTH parties in writing. If the contract states you have 45 days to close, then you have 45 days UNLESS you have an addendum stating otherwise.

In addition, if the buyers have already removed all their contingencies, then they could conceivably back out, HOWEVER, they would be in risk of losing their deposit.
.
... more
0 votes 7 answers Share Flag
Fri Oct 2, 2009
Jeremy Smiley answered:
It may be feasible. There are several determining factors. Give me a call and I'll figure it out for you.
0 votes 6 answers Share Flag
Tue Sep 29, 2009
Jeremy Smiley answered:
Sounds like a negotiation ploy. Just stand strong on your story that you don’t have the assets to comply. I've had this happen a couple times, just reiterate the fact that you can’t afford it, because you don’t have a job or what ever is the case. In my experiences the bank always backed down and didn’t pursue it. ... more
0 votes 3 answers Share Flag
Wed Dec 31, 2008
Dana Schuster answered:
it appears to have sold. however,i suggest you contact a local agent to get the most accurate info.
0 votes 2 answers Share Flag
Sat Jun 28, 2008
Charita King - Short Sale Specialist answered:
Hey J,
You may contact the broker to discuss the issue. The broker has the authority to cancel the contract. You should be able to do that.

Good luck,
Charita King 562-276-8681
0 votes 5 answers Share Flag
Sun Dec 2, 2007
Sylvia Barry, MAS,CIPS,SRES answered:
Hi Ted:

Whether a property is for sale or not, the tenant's right is spelled out exactly as what was written in your lease agreement. Please go back and read the agreement carefully, that's where you will find the answer to your question.

The tenant will still need to pay the rent as stated in the lease. The owner will have to honor the lease terms (if a year long lease and there are 6 months left on the lease term, then the tenant has the right to stay thru that period and the new owner will have to honor that also).

As you know California is very pro consumer; so you will want to read the agreement carefully.

Sylvia
... more
0 votes 5 answers Share Flag
Wed Dec 26, 2007
Patti Phillips answered:
John, Take a look, I don't think your full question came through. Perhaps edit it, and use the space they provide below for added details to your question.
Patti Phillips
800-680-9133 ... more
0 votes 2 answers Share Flag
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