My name is Bill Anderson and I am a Realtor in Metro West Boston. Wherever I go, it seems like people always have a real estate question or just want to talk about the real estate market.
One situation I run into all the time is the following:
When a house is first listed for sale the furthest thought from the sellers mind is what happens after an offer is accepted, inspections have been completed, and the purchase and sale has been signed.
The next major step is getting the mortgage contingency cleared. As part of this process, the appraisal has become the most nerve racking.
There are several things that should be done by you and your agent.
Once the appraisal is scheduled make sure that the house is in prime showing condition.
Your agent should accompany the appraiser and supply them with as much information as possible.
This would include a copy of the listing sheet, a copy of the P&S, and comparisons that verify the selling price. I always point out the high points of the listing.
Thursday, June 2, 2011
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