selling myhouse part 4

[patb]

russell

thank you very much, you are a prince.

is that what a Realtor does for price analysis, or do they do anything
more on that?

[gn]

patb,

An appraisal uses sale data from previous transactions. So, appraisals are inherently “backward looking”. In a buyers market, where prices are going down, the currently market price is likely to be lower than the appraisal.

When prices were going up, many buyers kept losing out to other buyers because they refuse to offer significantly more than the market price. Now, it’s the opposite. Many sellers are unable to sell because the refuse to price their houses significantly less than the appraisal.

Many sellers end up keep “chasing the market down” but never quite catch up to it even though they keep lowering their asking price.

Any experienced realtor will tell you that “It’s the buyers who set the price, NOT the seller”.

The only way to stop this cycle is to price your house significantly below market & let the buyers “tell you how much your house is worth”.

[gn]

patb,

An appraisal uses sale data from previous transactions. So, appraisals are inherently “backward looking”. In a buyers market, where prices are going down, the currently market price is likely to be lower than the appraisal.

When prices were going up, many buyers kept losing out to other buyers because they refuse to offer significantly more than the market price. Now, it’s the opposite. Many sellers are unable to sell because the refuse to price their houses significantly less than the appraisal.

Many sellers end up keep “chasing the market down” but never quite catch up to it even though they keep lowering their asking price.

Any experienced realtor will tell you that “It’s the buyers who set the price, NOT the seller”.

The only way to stop this cycle is to price your house significantly below market & let the buyers “tell you how much your house is worth”.

[gn]

patb,

An appraisal uses sale data from previous transactions. So, appraisals are inherently “backward looking”. In a buyers market, where prices are going down, the currently market price is likely to be lower than the appraisal.

When prices were going up, many buyers kept losing out to other buyers because they refuse to offer significantly more than the market price. Now, it’s the opposite. Many sellers are unable to sell because the refuse to price their houses significantly less than the appraisal.

Many sellers end up keep “chasing the market down” but never quite catch up to it even though they keep lowering their asking price.

Any experienced realtor will tell you that “It’s the buyers who set the price, NOT the seller”.

The only way to stop this cycle is to price your house significantly below market & let the buyers “tell you how much your house is worth”.

[gn]

patb,

An appraisal uses sale data from previous transactions. So, appraisals are inherently “backward looking”. In a buyers market, where prices are going down, the currently market price is likely to be lower than the appraisal.

When prices were going up, many buyers kept losing out to other buyers because they refuse to offer significantly more than the market price. Now, it’s the opposite. Many sellers are unable to sell because the refuse to price their houses significantly less than the appraisal.

Many sellers end up keep “chasing the market down” but never quite catch up to it even though they keep lowering their asking price.

Any experienced realtor will tell you that “It’s the buyers who set the price, NOT the seller”.

The only way to stop this cycle is to price your house significantly below market & let the buyers “tell you how much your house is worth”.

[gn]

patb,

An appraisal uses sale data from previous transactions. So, appraisals are inherently “backward looking”. In a buyers market, where prices are going down, the currently market price is likely to be lower than the appraisal.

When prices were going up, many buyers kept losing out to other buyers because they refuse to offer significantly more than the market price. Now, it’s the opposite. Many sellers are unable to sell because the refuse to price their houses significantly less than the appraisal.

Many sellers end up keep “chasing the market down” but never quite catch up to it even though they keep lowering their asking price.

Any experienced realtor will tell you that “It’s the buyers who set the price, NOT the seller”.

The only way to stop this cycle is to price your house significantly below market & let the buyers “tell you how much your house is worth”.

[NotCranky]

Patb, no worries it was Fun to do it.

Get advice on advertising about paying closing costs to help sell your property,especially if you get an FHA approval. If you do that, ask the lender invloved for guidance and any associated loan program pamphlets.

Here are a few possible justification for an appraisal.I wish Bugs(pigg appraiser) were here on this thread to opine. If it is an FSBO who isn’t certain of things or needs some back up for negotiations or if the seller is in this situation or is worried about selling too low, including being steered by a panic selling agent to selling lower than necessary, they might want it. The FHA Appraisal can possibly be used to market the house and facilitate a sale.The appraisal does not mean hold out for that price in a falling market.

Russell,Formerly posting as Rustico.

[NotCranky]

Patb, no worries it was Fun to do it.

Get advice on advertising about paying closing costs to help sell your property,especially if you get an FHA approval. If you do that, ask the lender invloved for guidance and any associated loan program pamphlets.

Here are a few possible justification for an appraisal.I wish Bugs(pigg appraiser) were here on this thread to opine. If it is an FSBO who isn’t certain of things or needs some back up for negotiations or if the seller is in this situation or is worried about selling too low, including being steered by a panic selling agent to selling lower than necessary, they might want it. The FHA Appraisal can possibly be used to market the house and facilitate a sale.The appraisal does not mean hold out for that price in a falling market.

Russell,Formerly posting as Rustico.

[NotCranky]

Patb, no worries it was Fun to do it.

Get advice on advertising about paying closing costs to help sell your property,especially if you get an FHA approval. If you do that, ask the lender invloved for guidance and any associated loan program pamphlets.

Here are a few possible justification for an appraisal.I wish Bugs(pigg appraiser) were here on this thread to opine. If it is an FSBO who isn’t certain of things or needs some back up for negotiations or if the seller is in this situation or is worried about selling too low, including being steered by a panic selling agent to selling lower than necessary, they might want it. The FHA Appraisal can possibly be used to market the house and facilitate a sale.The appraisal does not mean hold out for that price in a falling market.

Russell,Formerly posting as Rustico.

[NotCranky]

Patb, no worries it was Fun to do it.

Get advice on advertising about paying closing costs to help sell your property,especially if you get an FHA approval. If you do that, ask the lender invloved for guidance and any associated loan program pamphlets.

Here are a few possible justification for an appraisal.I wish Bugs(pigg appraiser) were here on this thread to opine. If it is an FSBO who isn’t certain of things or needs some back up for negotiations or if the seller is in this situation or is worried about selling too low, including being steered by a panic selling agent to selling lower than necessary, they might want it. The FHA Appraisal can possibly be used to market the house and facilitate a sale.The appraisal does not mean hold out for that price in a falling market.

Russell,Formerly posting as Rustico.

[NotCranky]

Patb, no worries it was Fun to do it.

Get advice on advertising about paying closing costs to help sell your property,especially if you get an FHA approval. If you do that, ask the lender invloved for guidance and any associated loan program pamphlets.

Here are a few possible justification for an appraisal.I wish Bugs(pigg appraiser) were here on this thread to opine. If it is an FSBO who isn’t certain of things or needs some back up for negotiations or if the seller is in this situation or is worried about selling too low, including being steered by a panic selling agent to selling lower than necessary, they might want it. The FHA Appraisal can possibly be used to market the house and facilitate a sale.The appraisal does not mean hold out for that price in a falling market.

Russell,Formerly posting as Rustico.

[patb]

so i reached someone

it’s $400 for a john doe appraisal, is that a good price?

[patb]

so i reached someone

it’s $400 for a john doe appraisal, is that a good price?

[patb]

so i reached someone

it’s $400 for a john doe appraisal, is that a good price?

[patb]

so i reached someone

it’s $400 for a john doe appraisal, is that a good price?

[Author]

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