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    Top Three suggestions when the Appraisal does not come in at value

    REMAX RelocationDuring our Once upon a time in Real Estate segment of our Santa Clarita real estate radio show, we gave three options that those have who are in escrow and when a home does not appraise for the price that was agreed upon.

    When selling a home or real estate – there are typically two involved parties. The seller of the home and the buyer of the home.

    While both parties are equal, in a way. The Buyer has more expense out of pocket in the form of cash in the starting of the escrow.

    The two things that a real estate buyer won’t get back are the cost of the home inspection and the cost of the appraisal.

    Those typically happen within a few days after escrow starts. Some of the “more savvy” realtors want the appraisal to happen first, especially in an unstable market.

    The reason is because if the home, condo or townhome don’t appraise at the value and if the parties cannot resolve it in one of the three ways, then the buyer doesn’t have to expend the money to hire a home inspector. The deal is dead at that time.

     

     

     

    Paris and Connor MacIvor

    Connor and Paris MacIvor are in the Top 1% of Realtors Nationwide, starting their real estate business in 1998 with RE/MAX Gateway - Santa Clarita Valley and Valencia CA. Their becoming licensed real estate consultants and representatives came from the horrible experience they had when they bought their first home. There were many things that the agent they had hired did not explain and disclose, which per law he should have. Getting that agent on the phone after they closed escrow and after he had gotten paid was impossible. Paris and Connor called the broker, the board of realtors, the office manager and all they received was the promise of a phone call back. The remedy did come, but not as fast and in the way they wanted. That act - that bad agent was the reason why Paris and Connor became Realtors. That was all they needed to vow to never let the same fate befall anyone else, that befell them. Today Connor and Paris are focused on client service. Protection and top-shelf service with regard to their real estate clientele. They primarily work within the Santa Clarita Valley and Valencia CA. However, for a referral, where 80+ of their business is referrals they have License and Will Travel to other parts of Ventura County, Los Angeles County, and Orange County to handle real estate transactions for those who trust their real estate operation. Writing on their Real Estate Blog is a passion. SCVnest.com/blog is where you will find over 10,000 real estate articles. Go to SCVnest.com/radio to listen to their latest real estate radio broadcast.
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