Appraisal Gaps: Why They're A BAD IDEA! (Methodology)

30:33
 
シェア
 

Manage episode 287843392 series 2820712
著作 Donny Coram の情報はPlayer FM及びコミュニティによって発見されました。著作権は出版社によって所持されます。そして、番組のオーディオは、その出版社のサーバから直接にストリーミングされます。Player FMで購読ボタンをタップし、更新できて、または他のポッドキャストアプリにフィードのURLを貼り付けます。

Welcome back, #DealHunters! We took a quick break last week, but we're back with even more information on the real estate industry. Appraisal gaps are becoming more common as buyers look to secure a home, but should consumers be okay with the practice? Due to the low inventory across the country, buyers are finding themselves in bidding wars for homes on the market. These bidding wars are causing prices to shoot up way past the original list price, but when appraisers come in to give valuations for these properties, the appraised value of the home is coming in well below the purchase price in buyer's offers. This creates the "gap" or difference between the appraised value and the perceived value that the buyer is willing to pay. But should buyers and their real estate agents be comfortable overpaying for properties? We know the importance of buying a deal as it allows buyers to walk into their new home with equity, but a buyer purchasing a home with an appraisal gap already puts themself at a disadvantage in the event the market corrects, and the value of homes decrease. Learn more about appraisal gaps so you can be an informed resource for buyers and investors as they contemplate their options.
Mentioned in today's episode:
Propstream
Launch Control
Foreclosure.com
GoHighLevel
RentReporters
Here's a link to the article Donny discussed in today's episode:
What Happens If Your Appraisal Comes In Low

Click the GoHighLevellink to sign up for a Free 14-Day Trial and revolutionize your marketing systems today!
Sign Up For Your Free 14-Day Trial Of GoHighLevel!
We're offering a FREE 7-Day Trial of the PropStream software when you sign up through the Foreclosure Deals Coach affiliate link. Go to dealhunter.io to sign up and be confident in analyzing your next deal!
Sign Up For Your Free 7-Day Trial Of Propstream TODAY!
Want to get started?
Join the Foreclosure Deals Coach Insiders group on Facebook to begin your career in real estate investing. for even more information on foreclosure and real estate investing!
https://4clsd.co/fdc

162 つのエピソード