With multiple offers being the order of the day, buyers are overbidding to outgun their competitors. What happens if an appraisal comes back low? Here are a few important steps to take before writing an over-ask offer.
Source: Inman News
How to protect your buyers from appraisal catastrophes
More from AgentMore posts in Agent »
- Pennsylvania’s No. 1 team leaves eXp Realty for Real Brokerage
- Moehrl trial shifts to early 2025 as HomeServices keeps skin in game
- ‘Apologize’ and 17 other common-sense ways to begin reforming NAR
- Value over discount: 8 tips for navigating post-NAR settlement
- NAR’s settlement could impact women more than men. Here’s why
More from appraisalMore posts in appraisal »
- More tech vendors approved to support appraisal-free mortgages
- Software vendors gear up to support appraisal-free mortgages
- Real Matters hires new chief financial officer as revenue dwindles
- Those claims of appraisal bias? Another study backs them up
- Help your buyers decide whether or not to waive the appraisal contingency
More from BrokerageMore posts in Brokerage »
- Pennsylvania’s No. 1 team leaves eXp Realty for Real Brokerage
- Moehrl trial shifts to early 2025 as HomeServices keeps skin in game
- Broker Spotlight: Wyatt Poindexter, The Agency
- ‘Apologize’ and 17 other common-sense ways to begin reforming NAR
- William Raveis celebrates 50 years with an official state proclamation
More from cmaMore posts in cma »
- Here’s how to avoid the most-dreaded new agent question
- Need leads? Try this easy approach to high-probability door knocking
- Here’s why video is one of the best lead generation strategies today
- 7 non-salesy reasons to reach out to your database
- Move that listing: 6 right-pricing tips for a shifting market
More from comparative market analysisMore posts in comparative market analysis »
More from down paymentMore posts in down payment »
- Nepo Babies grow up as data points to new phenomenon: Nepo Buyers
- Mortgage giants offering very low income homebuyers a spring break
- LoanDepot lets buyers cover FHA down payment with 2nd mortgage
- Intel unpacks the startling price of entry into the US housing market
- 8% of buyers got down payment help from family this year: Survey
More from market valueMore posts in market value »
More from Markets & EconomyMore posts in Markets & Economy »
More from MortgageMore posts in Mortgage »
- Dr. Shani Mott spent her last days fighting for housing equality
- Mortgage rates are chasing Treasury yields lower — for now
- LoanDepot settles high-profile appraisal bias lawsuit filed in 2022
- Congress grants National Flood Insurance Program a reprieve
- ICE on a signing spree for new ‘mortgage tech ecosystem’
More from Mortgage & Alternative Financing MonthMore posts in Mortgage & Alternative Financing Month »
- Co-founder of UK’s LendInvest launches new US venture
- ‘Inflation is still running too high’: Homebuyers stunned by rate surge
- Mortgage rates hit new 2023 high on debt ceiling, inflation worries
- Are ARMs and 40-year mortgage loans good deals for buyers?
- Private mortgage insurers have friends in high places
More from multiple offersMore posts in multiple offers »
- Multiple offers? Here’s how to write a competitive contract and win
- How to use a multiple-offer mindset in every bidding scenario
- Affordable where? Fed efforts to cool the market still don’t create affordable housing
- Real estate market shift ahoy? The Real Word
- ‘It saves an absurd amount of time. It’s a game-changer.’
More from non-contingent offersMore posts in non-contingent offers »
More from SelectMore posts in Select »
- Landing acquires flexible rental platform Barsala for $30M
- Pennsylvania’s No. 1 team leaves eXp Realty for Real Brokerage
- Moehrl trial shifts to early 2025 as HomeServices keeps skin in game
- Pending home sales tally modest uptick amid rise in jobs, inventory
- Broker Spotlight: Wyatt Poindexter, The Agency
More from serviceMore posts in service »
More from theme-month-202103More posts in theme-month-202103 »
Be First to Comment