How to Handle a Bum Appraisal

In a hot market, properties are often victims of overbidding by anxious and desperate buyers. Buyers have become worn down by getting beat out umpteen times by other anxious buyers financially stronger and more willing to snag a home.
Myself and many of our REALTOR colleagues know what it’s like to run into a bum appraisal. We’ve had appraisals come in so bad that we wonder what the appraiser was smoking or if they ever even saw the properties.  There are several things a seller, buyer or their agents can do to handle the possibility of a property not appraising at contract price:
1) Know the market! Don’t overprice a property or set unrealistic expectations. (We’ve gone as far as declining to take listings when sellers want too much.)
2) Have a list of comparable sales readily available to offer the appraiser when they show up or be willing to answer questions when the appraiser calls.
3) Make sure you/your agent hand-feed the appraiser comps if you must!
4) Fellow agents, thank the appraiser profusely if they take the time to reach out to ask you if you had multiple offers above list price.
5) If you’re a buyer in a hot market, be willing to bring additional funds into escrow to make up the difference if an appraisal comes in low.
6) If you’re a seller, be willing to meet a buyer somewhere in the middle to make up for a low appraisal.
Some sellers don’t have to sell and some buyers don’t have to buy, so if a deal falls through, be flexible the next time around. Often buyers and sellers end up with the same result except that weeks or months have passed.
The Almighty Dollar and the Almighty Clock will eventually offer a swift kick in the pants when The Universe says it’s needed!

Meet Teddy!

After adopting a dog ourselves two weeks ago, we fell in love with the idea of helping to save a dog’s life. I’ve not been a dog person until we met Rex, a beautiful Rottweiler we adopted from the shelter. Now we’re on a mission to save a dog’s life!
Meet Teddy! I met Teddy when visiting our local animal shelter to get a license for our own dog. Teddy was a bit of a big baby who whined when I walked away to the point that I just had to walk back over to him and pet him through the gate. He smushed his little piggy body up against the fence to be pet. He was so incredibly adorable that I kept checking out his photo and video to the point that I felt as if I was cheating on our Rex! Learn more about Teddy HERE and visit his video HERE.
Please find it in your heart to help find a home for him…or at least go pay him a visit!

Part 2: The Prissy Girl’s Guide to Adopting a Big Dog

Yesterday’s post wasn’t exactly the start of a “Guide” to adopting a dog but more of a lamentation of why I haven’t had one in my adult life. So from now on, I’ll refer to my posts as an offering of “tips” to adopting a big dog.
First, if you do NOT want a dog but still want to do good by rescuing an animal from the shelter (known in ancient times as “the pound”), then try Tip Number One:
Visit your local animal shelter.
Seems almost counter-intuitive, doesn’t it? When I visited the animal shelter on Saturday, I was in tears the whole time I was there. All these beautiful creatures looking up at you with those sad eyes. How could this be? Reading the intake notes on each kennel, I saw that many of them were strays and others were found at what’s called the “night-drop”. There is no way that any human being with a heart could’ve walked out of that place WITHOUT adopting an animal.
Right now I’m spending time at home with our big dog Rex, making sure he knows where to pee (and where NOT to pee!). We picked him up from the animal hospital late this afternoon where got snipped, which unfortunately for him was a condition of the adoption. He’s slowly coming out of his drugged stupor…

The Prissy Girl’s Guide to Adopting a Big Dog (Part 1)

There have been tons of people losing their homes to foreclosure. In the former homeowners’ quest to find a new place to live, many are unable to rent a place where dogs are accepted.
I’ve not been a dog person. Not since I was a kid and didn’t know better. We had little yippy Pekinese dogs when I was growing up and as an adult, my lifestyle and homelife did not fit with having a stinky dog around. Every time I would pet someone’s dog, I’d smell my hand afterward to see how stinky it was after touching the mutt. My only lasting experiences with dogs were when I visited a friend’s house as a teenager and the roommate’s Doberman bit my crotch and then years later when I dog-sat a couple big dogs who took the liberty of peeing on my carpet and scratching up my deck with their claws. I’d been dog-averse ever since.
My most recent bout with a pooch was a few months ago when a family member needed help and could no longer keep his pit bull-terrier in his condo. In hindsight, I should have asked my husband if it was okay first but a dog needed to be rescued, so it was a gut reaction to just take care of him. I picked up “Cisco” and that pooch jumped right up in the car as if it was his rightful place to be chauffered around. It was a challenge having him. Our work schedule at the time was such that we were not home very much at all and by the time we got home late at night, that poor guy was so starved for attention that he’d jump all over us! It took a bit of time each night to calm him down. After a few days, we decided to put him in our front courtyard and I asked my husband if he’s concerned about the dog digging up the plants. He insisted “No, that breed is not a digger.”
Surprise-surprise! He was indeed a digger!
So, the Prissy Girl’s Guide to Adopting a Big Dog. I am the Prissy Girl, in case clarity is necessary. Tomorrow I’ll post the first step in opening oneself up to having a dog…

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