SH!T from McCrabby
|Seems like this should've been|
worth more - don'cha think?
A home-seller and his realtor determine a "fair" price for their home, and list it. Then, a home-buyer and his realtor view the home and like it. They decide they'd like to buy, but they offer a bit less, trying to negotiate an even better price. The seller and the buyer may counter one another 2-3 times. And, finally, those four people (seller and his agent, buyer and his agent) arrive at a fair price, based upon what they have observed, compared, and shopped for. Four people agree on this "fair" price, all of whom have stakes in the outcome.
In McCrabby's case, an offer came in on the second day the home was listed (We're going to say it listed for $100 for demonstration purposes and then use appropriate percentages to illustrate the flaw we discussed).
|Just burning a few |
- The appraiser has the offer and contract BEFORE he ever sees the house - does that seem right? Shouldn't he go appraise the house for a real price and then compare it to the offer AFTER he completes the appraisal?
- Our appraiser said, upon entering the house, "You got a good price for this," basically assuring us that we would not get our price, because we'll be forced to adjust our price to whatever whim (or adjustment number) he sticks on his report - the buyer thought it was worth $97, but that didn't matter.
- When he left, the appraiser told us we'd have the report back in two days, so while we packed, sold furniture, and waited six days, with our home off the market, we made it much less sale-able.
- McCrabby is told that the appraiser has to know the offer price because he's supposed to review agreements, etc. (shouldn't the lending institution do that?)
Check out more of McCrabby's Rants on thenewsherald.com/blogs