Subscribe!Welcome! This blog tracks the real estate market in the Central Shenandoah Valley, featuring market data and analysis, an exploration of common buying and selling questions, and candid commentary on all things real estate.
If you are interested in discussing any of the topics on this blog, or the details of your specific real estate situation, call or e-mail me!
Appraisal
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Buy Now, Save Big (sometimes) |
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 In two out of my most recent three closings, my buyer clients bought at a fantastic price --- below appraised value. Scenario #1 --- buyers offered a quick closing, with no home sale contingency, and paid $13,000 under the appraised value. Scenario #2 --- buyers bought from a relocation company, and paid $10,000 under the appraised value. Why is it happening? In both cases, the buyers made aggressive offers --- instead of opting not to make an offer based on a higher than reasonable asking price. As I noted a few weeks ago, buyers currently seem to be hesitating to make offers, and sellers are hesitating to lower their prices. For the buyer who is willing to negotiate, this means there are opportunities to buy at great prices! | |
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Hint: Avoid Loan Froad |
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 What exactly is "loan fraud," or "mortgage fraud"?A few examples, per the FBI are:
The long and the short of it --- don't participate in loan fraud --- it is a criminal act. | |
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Scott Rogers
Coldwell Banker
Funkhouser Realtors
540-578-0102
scott@cbfunkhouser.com
Licensed in the
Commonwealth of Virginia
