Appraisal GAPS HURT Buyers

Impact of appraisal gaps on first-time homebuyers and the need for agents to negotiate. — Explaining how buyers had to cover large appraisal gaps.

#SellFor1Percent #ColumbusRealEstate #ColumbusOhio #HomebuyerTips

Full Transcript

You know today again that’s not what we’re seeing You can put the home warranty in You can put the home inspection and remedy in You can negotiate after the home inspection if the roof is 12 years old and has leaks around the hat vents Or whatever it is you know flashing or you know whatever it is So you know real estate agents have to do their jobs again That’s kind of the way I would put it You know got to negotiate got to you know things wrong if you’re on the buy side And buyers are coming back into the market I think you know people settle into you know high 5 6 interest rates after what were mid sixes People have settled into it here after a few weeks and getting towards the end of summer I mean it’s just a reality If you want to buy a house that’s what the interest rate is Yeah I have a number of buyers that are out there looking now And again I appreciate it I have new buyers that looked last weekend You know a few of them like you said Jay set up showings on Thursday for a Saturday And out of the six we had set up two of them fell on the market or fell on the contract within.