

309,761
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.
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Eve Alexander
Tampa, FL
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Kathleen Daniels, Prob...
San Jose, CA
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Peter Testa
Danbury, CT
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Dan Pittsenbarger
Bellingham, WA
-
Debe Maxwell, CRS
Charlotte, NC
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Evelina Tsigelnitskaya
Sunny Isles Beach, FL
-
Pete Xavier
Pacific Palisades, CA
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Michael Jacobs
Pasadena, CA
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Kris Collis, Associate...
East Stroudsburg, PA
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Wanda Kubat-Nerdin - W...
St. George, UT
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Nina Hollander, Broker
Charlotte, NC
974,827
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
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Kris Collis, Associate...
East Stroudsburg, PA
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Dan Pittsenbarger
Bellingham, WA
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Richard Weeks
Dallas, TX
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Debe Maxwell, CRS
Charlotte, NC
-
Evelina Tsigelnitskaya
Sunny Isles Beach, FL
-
Michael Jacobs
Pasadena, CA
-
Wanda Kubat-Nerdin - W...
St. George, UT
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Nina Hollander, Broker
Charlotte, NC
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Ron and Alexandra Seigel
Carpinteria, CA
4,726,689
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.
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Kathleen Daniels, Prob...
San Jose, CA
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Dan Pittsenbarger
Bellingham, WA
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Richard Weeks
Dallas, TX
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Peter Testa
Danbury, CT
-
Evelina Tsigelnitskaya
Sunny Isles Beach, FL
-
Michael Jacobs
Pasadena, CA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Ron and Alexandra Seigel
Carpinteria, CA
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Kris Collis, Associate...
East Stroudsburg, PA
613,006
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
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Kathleen Daniels, Prob...
San Jose, CA
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Dan Pittsenbarger
Bellingham, WA
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Debe Maxwell, CRS
Charlotte, NC
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Evelina Tsigelnitskaya
Sunny Isles Beach, FL
-
Michael Jacobs
Pasadena, CA
-
Kris Collis, Associate...
East Stroudsburg, PA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Nina Hollander, Broker
Charlotte, NC
726,275
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.
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Dan Pittsenbarger
Bellingham, WA
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Debe Maxwell, CRS
Charlotte, NC
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Karen Climer
Orlando, FL
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Evelina Tsigelnitskaya
Sunny Isles Beach, FL
-
Michael Jacobs
Pasadena, CA
-
Kris Collis, Associate...
East Stroudsburg, PA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Nina Hollander, Broker
Charlotte, NC
4,392,826
I don't see a need to say anything.
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Kathleen Daniels, Prob...
San Jose, CA
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Dan Pittsenbarger
Bellingham, WA
-
Richard Weeks
Dallas, TX
-
Debe Maxwell, CRS
Charlotte, NC
-
Peter Testa
Danbury, CT
-
Karen Climer
Orlando, FL
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Evelina Tsigelnitskaya
Sunny Isles Beach, FL
1,690,054
In most cases, they are not affiliated with me, so I keep quiet.
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Kathleen Daniels, Prob...
San Jose, CA
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Bob "RealMan" Timm
Minot, ND
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Dan Pittsenbarger
Bellingham, WA
-
Debe Maxwell, CRS
Charlotte, NC
-
Karen Climer
Orlando, FL
-
Evelina Tsigelnitskaya
Sunny Isles Beach, FL
-
Michael Jacobs
Pasadena, CA
2,212,911
Good luck...
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Kathleen Daniels, Prob...
San Jose, CA
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Bob "RealMan" Timm
Minot, ND
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Dan Pittsenbarger
Bellingham, WA
-
Debe Maxwell, CRS
Charlotte, NC
-
Evelina Tsigelnitskaya
Sunny Isles Beach, FL
-
Michael Jacobs
Pasadena, CA
367,798
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
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Dan Pittsenbarger
Bellingham, WA
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Debe Maxwell, CRS
Charlotte, NC
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Evelina Tsigelnitskaya
Sunny Isles Beach, FL
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Michael Jacobs
Pasadena, CA
-
Candice A. Donofrio
Fort Mohave, AZ
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Kris Collis, Associate...
East Stroudsburg, PA
-
Wanda Kubat-Nerdin - W...
St. George, UT
883,928
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.
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Dan Pittsenbarger
Bellingham, WA
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Debe Maxwell, CRS
Charlotte, NC
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Karen Climer
Orlando, FL
-
Evelina Tsigelnitskaya
Sunny Isles Beach, FL
-
Michael Jacobs
Pasadena, CA
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Wanda Kubat-Nerdin - W...
St. George, UT
-
Nina Hollander, Broker
Charlotte, NC
4,754,768
Probably nothing to the agent but, I'd surely inform my buyer if they were interested in the property!
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Kathleen Daniels, Prob...
San Jose, CA
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Bob "RealMan" Timm
Minot, ND
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Wanda Kubat-Nerdin - W...
St. George, UT
-
Dan Pittsenbarger
Bellingham, WA
-
Peter Testa
Danbury, CT
-
Richard Weeks
Dallas, TX
2,069,947
Peter, what to say?
Just make an offer.
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Bob "RealMan" Timm
Minot, ND
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Dan Pittsenbarger
Bellingham, WA
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Debe Maxwell, CRS
Charlotte, NC
-
Peter Testa
Danbury, CT
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Karen Climer
Orlando, FL
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Evelina Tsigelnitskaya
Sunny Isles Beach, FL
3,476,279
Are ya now - good luck
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Bob "RealMan" Timm
Minot, ND
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Dan Pittsenbarger
Bellingham, WA
-
Debe Maxwell, CRS
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
-
Anthony Acosta - ALLAT...
Atlanta, GA
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Wanda Kubat-Nerdin - W...
St. George, UT
7,301,237
Just say good luck and move on.
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Dan Pittsenbarger
Bellingham, WA
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Debe Maxwell, CRS
Charlotte, NC
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Karen Climer
Orlando, FL
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Evelina Tsigelnitskaya
Sunny Isles Beach, FL
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Michael Jacobs
Pasadena, CA
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Wanda Kubat-Nerdin - W...
St. George, UT
5,770,641
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
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Bob "RealMan" Timm
Minot, ND
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Dan Pittsenbarger
Bellingham, WA
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Evelina Tsigelnitskaya
Sunny Isles Beach, FL
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Michael Jacobs
Pasadena, CA
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Wanda Kubat-Nerdin - W...
St. George, UT
-
Nina Hollander, Broker
Charlotte, NC
2,882,912
Are you collecting listings again? LOL
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Dan Pittsenbarger
Bellingham, WA
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Debe Maxwell, CRS
Charlotte, NC
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Peter Testa
Danbury, CT
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Evelina Tsigelnitskaya
Sunny Isles Beach, FL
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Michael Jacobs
Pasadena, CA
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Nina Hollander, Broker
Charlotte, NC
921,098
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.
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Dan Pittsenbarger
Bellingham, WA
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Debe Maxwell, CRS
Charlotte, NC
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Karen Climer
Orlando, FL
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Evelina Tsigelnitskaya
Sunny Isles Beach, FL
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Michael Jacobs
Pasadena, CA
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Wanda Kubat-Nerdin - W...
St. George, UT
5,960,986
"So, your client is not really that serious about selling? "
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Dan Pittsenbarger
Bellingham, WA
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Bob Crane
Stevens Point, WI
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Debe Maxwell, CRS
Charlotte, NC
-
Evelina Tsigelnitskaya
Sunny Isles Beach, FL
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Michael Jacobs
Pasadena, CA
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Wanda Kubat-Nerdin - W...
St. George, UT
1,793,075
They are insane? They are delusional?
Why bother?
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Debe Maxwell, CRS
Charlotte, NC
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Michael Jacobs
Pasadena, CA
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Candice A. Donofrio
Fort Mohave, AZ
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Wanda Kubat-Nerdin - W...
St. George, UT
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Ron and Alexandra Seigel
Carpinteria, CA
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Nina Hollander, Broker
Charlotte, NC
1,920,255
An appraisal is just someone's opinion. I'd be more interested in how he holds up against the market value.
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Bob "RealMan" Timm
Minot, ND
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Wanda Kubat-Nerdin - W...
St. George, UT
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Dan Pittsenbarger
Bellingham, WA
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Debe Maxwell, CRS
Charlotte, NC
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Michael Jacobs
Pasadena, CA
2,183,148
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).
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Dan Pittsenbarger
Bellingham, WA
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Peter Testa
Danbury, CT
-
Richard Weeks
Dallas, TX
-
Debe Maxwell, CRS
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
4,850,100
I'd leave it alone. Good luck?
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Bob "RealMan" Timm
Minot, ND
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Dan Pittsenbarger
Bellingham, WA
-
Debe Maxwell, CRS
Charlotte, NC
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Michael Jacobs
Pasadena, CA
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Evelina Tsigelnitskaya
Sunny Isles Beach, FL
1,118,803
The only think I could think of is "why?'.
Maybe there is a legitimate reason other than a seller who is unrealistic.
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Bob "RealMan" Timm
Minot, ND
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Dan Pittsenbarger
Bellingham, WA
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Debe Maxwell, CRS
Charlotte, NC
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Evelina Tsigelnitskaya
Sunny Isles Beach, FL
-
Michael Jacobs
Pasadena, CA
4,528,754
I would say thank you.
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Kathleen Daniels, Prob...
San Jose, CA
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Bob "RealMan" Timm
Minot, ND
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Wanda Kubat-Nerdin - W...
St. George, UT
-
Dan Pittsenbarger
Bellingham, WA
1,456,362
Good luck!
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Bob "RealMan" Timm
Minot, ND
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Wanda Kubat-Nerdin - W...
St. George, UT
-
Dan Pittsenbarger
Bellingham, WA
-
Debe Maxwell, CRS
Charlotte, NC
1,598,280
Follow the listing and keep us updated
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Bob "RealMan" Timm
Minot, ND
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Wanda Kubat-Nerdin - W...
St. George, UT
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Peter Testa
Danbury, CT
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Debe Maxwell, CRS
Charlotte, NC
468,860
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?
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Bob "RealMan" Timm
Minot, ND
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Wanda Kubat-Nerdin - W...
St. George, UT
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Peter Testa
Danbury, CT
4,784,633
Where are your comps, or are you a chump?
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Bob "RealMan" Timm
Minot, ND
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Wanda Kubat-Nerdin - W...
St. George, UT
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Dan Pittsenbarger
Bellingham, WA
1,389,101
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.
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Bob "RealMan" Timm
Minot, ND
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Wanda Kubat-Nerdin - W...
St. George, UT
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Dan Pittsenbarger
Bellingham, WA
593,158
I tell them your sign will rust off it's hinges before you sell it
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Bob "RealMan" Timm
Minot, ND
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Wanda Kubat-Nerdin - W...
St. George, UT
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Dan Pittsenbarger
Bellingham, WA
2,559,853
Ask them what is their strategy with overpricing a home.
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Bob "RealMan" Timm
Minot, ND
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Wanda Kubat-Nerdin - W...
St. George, UT
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Dan Pittsenbarger
Bellingham, WA
2,719,100
People have to start somewhere. The question is where/how is this going?
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Bob "RealMan" Timm
Minot, ND
5,549,630
3,208,562
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?