The Best Conract/offer Wins!
Best = Price + Closing Date + After-inspection/appraisal Adjustments

Best Is The Right Mix Of Each Of These Elements (and Maybe Some Others) . . Not Just One And Certainly Not Just "price" B/c Someone With Teh Highest Offer, But Hasn't Finalized Their Loan Package Could Actually Be The Worse Contract To Choose . . . The Loan Might Blow Up The Day Before Closing!
Consider All Elements . . .

Not sure what you are trying to tell me. 1) That Buyers should never pay more than assessed value? Or 2) That all my appraisals that came in at the Buyers offering price was just coincidence. Actually that's not true. I did get one that appraised from more than the Offering price. Mine! And I did that by telling the appraiser an inflated purchasing price. Appraisal came in for exactly that price, but thats not what I was paying for the house.

If I use your theory that a Buyer should NEVER buy for more than the appraised values, then I must also use that same theory when it come to the Sellers. How many sellers do we see selling WAY below appraised value today? There are thousands in my area. The Tax Assessors Office is going crazy as every one is challenging their assessments due to new lower home values or buyers that just bought a house under appraised value.

The Appraiser is only there to insure the bank does not exceed their LTV limits. Thats why there is no Appraiser used in CASH deals. Only the Buyer and the Seller set the price. The rest of us are just crunching numbers for them.

Now in a perfect world, No One would pay too much for a house and no one would sell at a loss, but thats not how our free society works. Buy Low Sell High, Its the backbone of our commerce system. Sometimes it does not work, but most of the time it does.

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Larry Jensen, Principal Broker
St. Lawrence Properties, llc
www.StLawrenceProperties.net

What's My Mileage?

I know an increasing number of people that are not using agents either, and it is really starting to concern me. Even if you point out the obvious advantages and benefits they could get from hiring an agent, they still think they are actually saving money, which we all know they certainly are not in most cases.

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Celebrate the moment

Smith Mountain Lake real estate

Some great info here enjoyable thread

Rich

France has one of the highest rates of FSBO in the world due to the generally appalling level of customer service.

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Real estate in Nice France
French Riviera villa for sale
French Riviera Real Estate

"I really like responding to your post since you are protecting your livelihood. i am saying that if an appraiser does and analysis, they get just as in depth as an agent if not more"

Not really. Appraisers look at numbers but there is often more to the story. I had someone buy a fourplex a few years ago on a street of single family homes. It was in pretty good condition. Basically the appraisers appraised it for 50k less. Why? There were no fourplexes that sold recently in the area so they used as comps the closest fourplexes that were in a little minighetto half a mile away. The appraiser wouldnt budge because they had to go by comps. Never mind that small houses across the street were selling for almost as much as the sales price of the fourplex.

The buyer put money into the deal to make it happen. They also got a few offers above what they paid a few weeks later. Eventually they ended up selling for double what they bought it for a few years later.

My basic point is I would never buy a property simply based on the numbers of an appraiser.

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Ki Gray - Austin Realtor

Working in Austin his site covers the Austin Real Estate market. If you are considering investing in Austin be sure to check out his Austin Real Estate Blog or look through some of the Austin Homes for sale on his site.

I have the same problem here.

Moreover, in leasing case, after we introduce the house to the Customer. They might do the deal after my back. Or they introduce their friend come to lease without notice me.

The host welcome they also because he didnt have to pay for me.

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I'm a VIETNAMESE realtor, helping people who is looking for
- office space
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I'm willing to corporate and share with anyone who has a real demand.

Please feel free to contact me if you need further information.

I think the main reason for using an agent is that the client will net more money. NAR had a stat saying that sellers who hired an agent sold for 16% more on average than FSBOs. I'm not sure how they came up with that stat, but 16% covers the commission and quit a bit extra for the home.

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Mark Cheng
Broker-Associate - IRN Realty
Email: mark@markcheng.net
Direct: (626) 203-1396 Fax: (626) 538-1008
Arcadia Homes for Sale Arcadia Real Estate San Gabriel Valley Real Estate

To answer the original question I've double quoted Larry. You may want to write these down.
Absolutely solid response, thanks for posting this.


More great advice that is often overlooked by FSBO's

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Pierce County Washington Real Estate
Tacoma Real Estate
Puyallup Real Estate

Agents get 16% more than FSBO, they probably are but when you get down to the numbers, you may notice that the FSBO netted more money. There are a lot of occurances that you have to take into consideration. i know when i sell through a realtor, what i get as an offer price is not what i would get after everything is added up. after you subtract everything from the purchase price you will usually have a lot less, but the sales price stays the same which will really help a FSBO out in their negotiations with a buyer.

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Charlotte House Buyers/Stop Foreclosure Specialist/Sell your Charlotte House
Sell Charlotte House l Charlotte Real Estate l Charlotte Wholesale Properties
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