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Rainmaker
240,629
Kris Collis, Associate Broker
Smart Way America Realty - East Stroudsburg, PA
Professional Results you Expect 570-801-5525

Peter Mohylsky I'm not an appraiser but most lenders want an appraisal that is not older than 6 months because they are looking for comps 6 months or less.  So the appraisal in your Q may not be considered valid.

If this agent acknowledges that property value has not increased $30k since the appraisal, you are well positioned to take over listing when it expires or gets cancelled.  By then, seller will be long overdue for a professional CMA and realistic discussion about price.

Nov 04, 2019 02:24 PM
Rainmaker
903,897
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Variables:

Upgrades/improvements?

Market uptick?

Future development nearby?

AND  . . . how does that equate to percentage? 

The appraisal was done 6 months ago? Or the home has been on market 6 months? 

I'm also presuming that it's being disclosed . . . since you know.

There's a butt for every saddle! LOL

Nov 04, 2019 02:52 PM
Rainmaker
4,180,369
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

I don't know enough about this to comment... has the market moved? What was the purpose of the appraisal six months ago. What's the price point of the neighborhood? $30K more on a million dollar home isn't $30K more on a $250K home. But at the end of the day, if I'm not making an offer on that property it's really none of my business. Bless that little agent's heart.

Nov 04, 2019 02:22 PM
Rainmaker
612,066
Eve Alexander
Buyers Broker of Florida - Orlando, FL
Exclusively Representing ONLY Orlando Home Buyers

I would ignore that statement.

As someone who is a registered appraiser, I know that appraising is just an opinion and not a science.

Chances are that it will appraise for a different number next time...meanwhile I will run the comps and see how far off it is.

Eve

Nov 04, 2019 02:52 PM
Rainmaker
690,025
Peter Testa
Nationwide Homes - Danbury, CT
PETER TESTA

I'd say nothing. And nothing is the amount of activity they'll see priced that much higher than they should be.

That is, unless they are in a highly desirable location & higher price range where you can get away with doing that- like in Manhattan, NY. 

Nov 04, 2019 02:51 PM
Rainmaker
4,141,646
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

I don't see a need to say anything.  

Nov 04, 2019 04:44 PM
Rainmaker
1,644,882
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West - Carlsbad, CA
Presence, Persistence & Perseverance

In most cases, they are not affiliated with me, so I keep quiet.

Nov 04, 2019 03:43 PM
Rainmaker
1,960,620
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Good luck...

Nov 04, 2019 03:41 PM
Rainer
322,886
Caroline Gerardo
Sun West Mortgage Corporation - Newport Beach, CA
C. G. Barbeau the Loan Lady nmls 324982

 If agent just wants to get signs up in the neighborhood, well maybe that's a marketing plan???  How much is the percentage off in value not the dollar amount? In a $900000 house that's a small amount

Nov 04, 2019 03:19 PM
Rainmaker
853,345
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

Nothing. Wait for it to expire, then maybe try to get the listing. It could be that the sellers are hung up on overpricing and agent is following instructions.

Nov 04, 2019 02:53 PM
Ambassador
4,311,350
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

Probably nothing to the agent but, I'd surely inform my buyer if they were interested in the property!

Nov 04, 2019 09:30 PM
Rainmaker
2,065,408
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL

Peter, what to say?

Just make an offer. 

Nov 04, 2019 06:04 PM
Ambassador
3,291,228
Anna Banana Kruchten CRS, Phoenix Broker
HomeSmart Real Estate BR030809000 - Phoenix, AZ
602-380-4886

Are ya now - good luck

Nov 04, 2019 03:18 PM
Rainmaker
6,676,927
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Just say good luck and move on.

Nov 04, 2019 03:05 PM
Rainmaker
5,652,502
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Peter, like Nina Hollander I don't have any info.  On the other hand, I don't give advice unless I am paid for it...so why bother?  A

Nov 04, 2019 03:01 PM
Ambassador
2,631,470
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate Brokered by Real - St. George, UT
So Utah Residential, Referral & Relocation REALTOR

Are you collecting listings again? LOL

Nov 04, 2019 02:43 PM
Rainmaker
893,907
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Today you say 'Best of success."

Next month when it sells for $35,000 above appraisal, how will you acknowledge they are superior in creating value you did not see? 

They successful listing agent knew how to convey to the buyer that the house is being sold to them, not the bank. So, let get the bank out of the picture. And there are ways to do that.

We have all sold real estate way above what buyer agents decried as the value.

"Best of success" that is what you should say today.

Nov 04, 2019 02:35 PM
Ambassador
5,464,824
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

"So, your client is not really that serious about selling?  "

Nov 04, 2019 02:29 PM
Rainmaker
1,730,680
Lyn Sims
Schaumburg, IL
Schaumburg Real Estate Agent Retired

They are insane? They are delusional?

Why bother?

Nov 04, 2019 02:11 PM
Ambassador
1,828,318
Alan May
Jameson Sotheby's International Realty - Evanston, IL
A moving experience!

An appraisal is just someone's opinion. I'd be more interested in how he holds up against the market value.

Nov 04, 2019 06:26 PM
Rainmaker
1,927,616
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

A lot can happen in 6 months Peter Mohylsky . Some homes ARE worth much more then they are appraised for just because of the setting/view or how about a home that a noted celeb lived in? Could be many reasons. Frankly I would not sell my home for the appraised value (because I really wouldn't care if I moved or not).

Nov 04, 2019 06:14 PM
Ambassador
4,608,706
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

I'd leave it alone. Good luck?

Nov 04, 2019 05:57 PM
Rainmaker
928,591
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

The only think I could think of is "why?'.

Maybe there is a legitimate reason other than a seller who is unrealistic.

Nov 04, 2019 04:20 PM
Rainmaker
4,093,765
Richard Weeks
Dallas, TX
REALTOR®, Broker

I would say thank you.

Nov 05, 2019 05:40 AM
Rainmaker
1,394,629
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Good luck!

Nov 04, 2019 09:23 PM
Rainmaker
1,597,830
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty Condos for Sale and Rent

Follow the listing and keep us updated

Nov 04, 2019 07:02 PM
Rainmaker
468,799
Dan Pittsenbarger
Keller Williams Western Realty - Bellingham, WA
Improving Conditions

I'd say not enough data to answer the question directly. Secondly I put more significance on my own CMA and selection of comps than someone else's opinion. And of course there's all the variables that Candice A. Donofrio mentioned. So for me what I would say to the agent would be one of two things - here's the current comps - actives, pendings and solds and these are further supported by the appraisal. Or here's the current comps, actives, pendings and solds and it doesn't matter what an appraisers opinion is. Do you agree with every appraisal you have ever come across?

Nov 05, 2019 06:03 AM
Rainmaker
4,268,926
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Where are your comps, or are you a chump?

Nov 05, 2019 04:15 AM
Rainmaker
1,385,824
Wayne Zuhl
Remax First Realty II - Cranford, NJ
The Last Name You'll Ever Need in Real Estate

They must love having their sign in front of houses that won't sell.

If you have a client that wants to make an offer, ask the agent for the comps they used to price the house, then, present your offer with comps.

Nov 05, 2019 03:45 AM
Rainmaker
551,233
Tom Bailey
Margaret Rudd & Associates Inc. - Oak Island, NC

I tell them your sign will rust off it's hinges before you sell it

Nov 04, 2019 11:22 PM
Ambassador
2,439,934
MichelleCherie Carr Crowe Just Call...408-252-8900
Get Results Team...Just Call (408) 252-8900! . DRE #00901962 . Licensed to Sell since 1985 . Altas Realty - San Jose, CA
Family Helping Families Buy & Sell Homes 40+ Years

Ask them what is their strategy with overpricing a home.

Nov 04, 2019 10:43 PM
Rainmaker
2,648,918
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

People have to start somewhere. The question is where/how is this going? 

Nov 05, 2019 06:35 AM
Rainmaker
4,999,943
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Good luck to them!

Nov 13, 2019 07:18 AM
Ambassador
3,082,401
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

It depends on who the agent is.  I need more information to comment on. My sense is I would not say anything to the agent. Why would I?

Nov 05, 2019 07:23 AM