March 2004
Volume 7 Issue 3
Question: Do I need to have an Appraisal?
When selling your home, you may need to adjust your listing price if the market is continuously changing. When a home initially attracts a great deal of attention but then no offers are made, your agent should find out why prospective buyers did not make offers. If the response is that the price is too high, consider making an adjustment.
Before you adjust your list price, ask your agent to provide you with information about the most recent listing and sales activity of homes similar to yours. Find out what other homes are on the market and how much these properties cost.
Investigate the overall market conditions. Find out if interest rates or consumer confidence has changed.
Keep in mind that a lower price may attract more than one offer for your home.
In that case, the bidding can increase the value.
Click OrlandoHomeStore For my current listings, then call me at 407-699-4901 for more information on your favorite properties.
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FREE programs from me to you, including "How To Buy A Home In Orlando" bookletIn Like a Lion Out Like a Lamb!
The March Wind
Bluff March wind is a vagrant fellow,
Over the hills with a gusty bellow
He dances and whirls in wildest glee,
Culling twigs from each gaunt tree.
Never idle, no, not he!
Now he's gyrating; now on a cloud,
Chasing snowflakes, laughing aloud;
Kissing the first born glowing primrose
Hidden by green leaves under the hedgerows.
He roars like a lion, yet is meek as a lamb.
"I am the March Wind, that's who I am!"
Betty Mates, 1937
This months joke:
Question: What kind of shoes can you make from bananas?
Answer: Slippers!
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So, you’ve found the perfect home at the perfect price and now it’s time to close the deal ... right? Wrong! Don’t forget about the appraisal! An appraisal is an estimate of the market value of a home. Appraisals help both the lender and the buyer determine if the sales price is consistent with the actual value. An appraiser inspects the house and the neighborhood and makes an estimate based on the price of comparable houses and other factors. The appraisal provides no guarantee that the property is free of defects. Lenders insist on an appraisal to see how much they could recover by selling your house if you default. The fee for this service may vary considerably, depending on the specific characteristics of your home.
Have questions? email Risa at questions@risa.net or call her at 1-800-699-4901
March favorite links:
Realty Times - EXCELLENT real estate enews
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