Christine Kankowski North SD and Temecula, Excellent Sales and Property Management (House Match Inc)

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Rainmaker
1,690,478
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg Real Estate

It's the appraiser all the way. I always meet them, hand them the comps which pretty much tells them that I know the area & these are good. But ... you will have the rogue that thinks they know the market too & pulls comps from 5 miles away.

They do hurt the buyer & I always say that if the buyer wants to pay 'x' let them do it for doggone it's sake.

Jul 13, 2018 08:50 AM
Ambassador
2,538,863
Fred Griffin Tallahassee Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

        During the last few years, I have challenged two appraisals... but neither was FHA.  Local appraisers, unique properties, I brought in other comps and got the valuation raised both times.   Win-win for everybody.

Jul 13, 2018 11:17 AM
Rainmaker
1,697,560
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

I worked with a buyer this year getting FHA financing and when the appraisal came back, it was 40K lower than purchase price.  We walked away since the seller refused to lower the price to appraise value. I found my client another home and we moved forward and closed.

The property closed a several of months later at a lower price.

Jul 13, 2018 11:12 AM
Rainer
217,117
Byron K . Jones
Coatesville, PA
List Today - Sold Tomorrow!

Just had a USDA loan come in 15K low, met the Appraiser (he had chip on his shoulder from the moment we met) gave him my comps, expained seller just put in New bathroom top end everything with heated floor...in his appraisal stated bathroom remodel 11-15 years ago...not happy seller

Jul 13, 2018 10:29 AM
Rainmaker
620,369
Tony Lewis
RE/MAX of Valencia (Hall of Fame) 30 year Valencia Resident - Valencia, CA
Summit Real Estate Santa Clarita & Aliso Viejo

I have been quite fortunate this year.  We have had several offers and listings that sold at record high prices and all have come in with good appraisals.  Meeting the Appraiser and bring quality comps is key to success.

Jul 13, 2018 10:16 AM
Rainmaker
516,908
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

We always tell our listing agents to meet the appraiser and show them comps to justify the house. We haven't had this issue locally. But occasionally we do get a low appraisal. Right now with our seller's market, our sellers are sticking firm to their price and usually the buyer brings in the additional funds to close.

Jul 13, 2018 10:15 AM
Rainmaker
1,620,537
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Lend Smart Mortgage, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

No blocks, just cause for further negotiations

Jul 13, 2018 10:09 AM
Rainmaker
343,779
Joseph Domino 480-390-6011
HomeSmart - Scottsdale, AZ
Real Estate Made Easy

Yes, I have had the problem. I agree with Lynn Sims, you have to meet the appraiser and schmooz them a little. I find that they don’t like being the enemy, they just sometimes need a little help. It seems that everytime I had a chance to talk with the appraiser and extole the virtues of the house we get a positive result.

Jul 13, 2018 09:58 AM
Ambassador
4,461,035
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Have only had a couple FHAs over the years - never an issue...yet.

Jul 13, 2018 08:49 AM
Rainmaker
3,830,820
Richard Weeks
Dallas, TX
REALTOR®, Broker

No.  Most of our transactions are cash or hard money.

Jul 13, 2018 08:43 AM
Rainmaker
861,990
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

My go-to for FHA/VA (national lender) texted me yesterday and asked if we were experiencing undue delays in FHA appraisals  . . . which we aren't  . . . but I have not been hearing about low appraisals. Your market's undergoing rapid appreciation, no?

Either way, it sucks for the buyer.

Jul 13, 2018 06:44 PM
Rainmaker
860,429
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

FHA loans are a very small part of our market.

Jul 13, 2018 05:45 PM
Ambassador
3,015,702
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

Early this year I had a seller have to adjust price for a VA appraisal being low.  It was his best option for the timing and our market at the time.  However haven't had a problem lately, but have a FHA appraisal I'm waiting to come in next week so I'll see.

Jul 13, 2018 03:35 PM
Rainmaker
2,007,644
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

nope

Jul 13, 2018 11:35 AM
Rainmaker
526,705
Dave Halpern
Keller Williams Realty Louisville East (502) 664-7827 - Louisville, KY
Louisville Short Sale Expert

No, because the appeal process works.

Jul 13, 2018 11:20 AM
Ambassador
3,608,824
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

Not as of yet (fingers crossed)

Jul 13, 2018 11:04 AM
Rainmaker
1,355,908
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

No FHA loans out here.  99% conventional.

Jul 13, 2018 10:38 AM
Rainmaker
808,347
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

Not so far. We've been pretty fortunate with appraisals coming in at value. We've had a couple come in low, but not so far that it killed the deal, we were able to work it out. -K

Jul 13, 2018 09:56 AM
Ambassador
2,990,756
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

Thankfully, no.  I have not worked with an FHA buyer in years.  

Jul 13, 2018 09:51 AM
Rainer
91,832
Jon K. Judd
Keller Williams Realty - Central Delaware - Dover, DE
GRI, e-PRO, SFR, Delaware Homes

Not so far... Knock on wood!

Jul 13, 2018 09:44 AM
Rainmaker
6,308,788
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Nope.

Jul 13, 2018 08:52 AM
Rainmaker
3,852,679
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

No... and I can't ever recall one doing so.

Jul 13, 2018 08:33 AM
Rainmaker
3,985,765
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Not for over 2 years.

Jul 17, 2018 08:41 PM
Rainmaker
1,044,289
Dave Martin (703) 585-4687
Fairfax Realty - Fairfax, VA
Making Realty Dreams a Reality #WeWillGetYouHome

Had  a VA appriasal come in a little light earlier this year but the seller saw the benefits of lowering the price to the appraised value so nothing blocked. Christine Kankowski North SD and Temecula 

Jul 17, 2018 07:54 PM
Rainer
140,360
Richard L. McKinney P.A.
Atlantic Shores Realty Expertise - Port St Lucie, FL
For Results that MOVE you on the Treasure Coast!

 I have had many homes not appraise (none of whic were my listing) this year and not just FHA and VA. I almost all cases the sellers came down. In on of the Conv cases, the appraisal was 9k off and buyer and seller met halfway with the buyer making up 4500 in cash. Two deals that did not appraise fell apart. These things happen in real estate. 

You can try meeting appraisers if you want but you are wasting your time. Just be nice on the phone and offer assistance if needed. I have actually had a few of the appraisers call me for comps prior to completing the low appraisal. Most appraisers want to help but if you meet them a the home with a fist full of comps you are only going to aggravate them. 

Jul 14, 2018 01:32 PM
Rainmaker
1,707,197
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Propbably been over 5 years since I wrote an FHA or VA contract.

Jul 14, 2018 12:48 PM
Rainmaker
3,784,677
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Lucky no FHA this year eneryone was a Conventional.

 

Jul 14, 2018 09:48 AM
Rainmaker
4,799,256
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

No.

Jul 14, 2018 05:46 AM
Rainmaker
3,069,584
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Not so far

Jul 14, 2018 05:33 AM
Rainmaker
3,291,824
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

I have lost 2 deals due to bad appraisals. It is similar this year to what it was last year

Jul 14, 2018 04:43 AM
Rainmaker
1,162,717
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

I have not seen an FHA buyer this year at all: as a selling nor listing agent.

Jul 13, 2018 10:17 PM
Ambassador
4,312,167
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Christine Kankowski North SD and Temecula - almost!

Eventually, both parties agreed to meet half-the-way.

Jul 13, 2018 09:55 PM
Ambassador
3,986,518
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

I have had one that created challenges but did not kill the sale.

Jul 13, 2018 07:33 PM
Ambassador
4,040,963
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

Not this year but, they have in the past. It's so frustrating, I know, Christine!

Jul 13, 2018 07:22 PM
Ambassador
5,164,593
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

No, I tend to avoid accepting offers with fha financing.

Jul 13, 2018 04:47 PM
Rainmaker
3,971,557
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Nope and they rarely ever have. Of course the one’s that were low hurt!

Jul 13, 2018 02:27 PM
Rainmaker
4,433,483
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

No.

Jul 13, 2018 01:24 PM