How The Duncan Duo handles a low appraisal for a seller

Andrew Duncan, Tampa's #1 Realtor, has a talk with David Diaz of Waterstone Mortgage about The Duncan Duo team effectively handles a low appraisal.

He goes through a few scenarios and steps they take with the seller if an appraisal comes in low. Ultimately it's up to the seller to make a decision but some of the options are: to dispute the appraisal and provide other comps; to put the home back on the market because they don't agree with the appraisal and if there were multiple offers; sometimes appraisers view things differently; and sometimes they might encourage the buyer to choose another lender to get a new appraisal; or lowering the price.

Sometimes the seller would agree because they don't want to go through the hassle of putting the home back on the market and wait 30-60 days again for another buyer; and if there is enough interest in the home, due to the supply and demand, some buyers end up paying the difference in cash if the appraisal comes in short.

If you are considering getting into the real estate business in Tampa Bay or becoming a Realtor in Tampa, send us an email at Careers@TheDuncanDuo.comor click here to visit the Tampa Real Estate Careers Page on our website.  This video blog has an immense amount of information about our team model and its differences vs typical Tampa Real Estate Brokerages as well as videos from our radio showtestimonials from Tampa real estate agents on our team, and our social channels twitteryoutubeinstagram, and facebook.

1 comment :

  1. by the looks of it, it seems like he had been handeling it real wise. i think he knows whats up. by the way i like the articles that you share. they are really well written and easy to read adn understand. keep updating