I did my home work, met the appraiser and he agreed with me on value!

 I prepped, met the appraiser and got the value came in.    

Cell:  (301)943-4370

Email:  adambashein@gmail.com

www,basheinhomes.info

This was not an easy home to get an appraisal on; hardly a sure thing.  It's a great house and I   thought the sales price was right.  However, there wee few apples to apples sales matching or exceeding the sales price.   

I have had sales where I would have been shocked if a home didn't appraise, where I thought it was 50-50 as to whether a home appraised and when I thought there was no way it would appraise.  I always put the effort in to prepare and meet appraisers at the houses because you can't take things for granted.  Appraisers have professional formulas and don't always agree with realtors, sellers and buyers assessment of a home's value.  The most professional appraisers let agents make a case for the value when meeting at the property and, if the arguments are valid, the appraiser will consider the points made when generating his/her report.

You need a full service realtor who is going to do his or her homework and coordinate schedules so he or she can meet appraiser and prove the value.  There is never a guaranteed that a home is going to appraise, but if your realtor doesn't put in the effort to prove the value, then your realtor is putting your deal at risk.  

If a buyer's sales contract has an appraisal contingency and the home don't appraise, he/she has the right to try and negotiate the sales price with the sellers and if they don't come to an agreement, then the buyers have the right to get out of the contract and search for another home, while the sellers have to put their home back on the market, hoping to find another buyer and hoping the next appraisal comes in.  Nobody wins when a home doesn't appraise.

 Part of my value to you is being there at every step of the transaction.  

If you are ever considering refinancing and want to talk about home sales that might help your home appraise, I am happy to schedule an appointment to meet you at your house. Call me:  (301)943-4370 or Email me:  adambashein@gmail.com.  

Any time you or someone you know is thinking about buying or selling a home, please think of me as their full service realtor solution.  Thank you so much and I always have time for your referrals.

Life is good!

Adam

adambashein@gmail.com

www.basheinhomes.info

Direct/Cell:  (301)943-4370

Office:  (301)921-4500 - ask for Adam

Licensed in MD & DC

RE/MAX Realty Group

information deemed to be accurate but not guaranteed

#realestatechatwithadam#fullservicerealtoradambasheinhereforyouinMDandDC#realtoradambasheinprovesvaluetoappraiser

Using my own home in selling another home

Sunday was a busy day for me. I had an open house in the afternoon in Washington, DC and in the morning took buyers back for a second look at homes that we had already previewed in Kemp Mill,a subdivision in Silver Spring, Maryland.

My buyers and probably other buyers as well would have made offers right away on one of the homes,a 4 level split-level with a basement and sub-basement. The first time we looked at the home the floor in the kitchen was in dire need of repair,carpeting in the home needed cleaning or replacing. The home was big and bland. Kitchen cabinets and counters are probably original,baths should be updated.

I went back to see the home again on my own and noticed that the floor in the kitchen was repaired and that the carpeting was cleaned. Although the home still looked "original" these repairs make the home show much better. So I showed again to one of my buyers.
On Sunday I went back again with the buyers and a friend/mentor they asked to come along and to give his opinion on the condition of this home and a second home...a rambler on Kenbrook Drive.

The friend/mentor said that while the home needs some work,it is a good home and for the buyers to consider it. As we were going through the home,I thought to myself,I live in a 4 level-split 5 minutes from this house from Stonington and have done a lot of work on the house. Maybe if the buyers see my home,they will see the potential in the home on Stonington,which will either clinch their decision that they want to move forward on Stonington or remove it from consideration.

I always talk with buyers and sellers about sales comparables...other similar homes on the market and/or other similar homes that have sold. If the other comparable homes aren't on the market or unavailable to be seen,then buyers and sellers can go by the next best thing...a print out of the properties with pictures which the listing agent posted on the internet for the home. Fortunately,I realized that my home was a great comparable home for the buyers to actually see the inside of for what it is...even though my home isn't for sale. Don't let the rumors get started.

I will say that it was easier to act on the idea of showing the buyers my own home because we have established a rapport and are friends. I would probably be reluctant to bring somebody into my house who I don't know very well. But the point is that when you are selling,part of customer service that seperates some sales people from other sales people is to take advantage of all of their resources and to come up with out of the box ideas to help their clients.