Ep.25 - Sellers: Appraisals

Ep. 25 –Sellers: AppraisalsSummaryIn this conversation, Clint C. Galliano and Ben Harang discuss the intricacies of appraisals from a seller's perspective in real estate transactions. They cover the importance of appraisals, the implications of low appraisals, and the necessity of timely inspections. The discussion emphasizes the role of appraisals in financing and how they affect both buyers and sellers during the home selling process. Takeaways·         The buyer's financing is contingent on an appraisal in most cases.·         Cash deals should not be subject to appraisals.·         FHA appraisals stay with the property for six months.·         Timely appraisals and inspections can prevent delays.·         The lender requires appraisals to ensure collateral value.·         Adjusting the sales price may be necessary after a low appraisal.·         Time kills deals; delays can jeopardize closings.·         Sellers have options when appraisals come in low.·         The appraisal process protects both buyers and sellers.·         Understanding market conditions is crucial for appraisals. Sound Bites"Time kills deals.""The appraisal is required by the lender.""You can't run away from it." Chapters00:00 Understanding Appraisals from a Seller's Perspective12:30 The Importance of Timely Appraisals18:40 Navigating Low Appraisals and Seller Options25:10 Disclaimer Hosts Ben Harang, REALTOR® La. License #: 36589 Keller Williams Realty Bayou Partners Mobile: 985.859.2500 Office: 985.262.4400 [email protected]  Clint C. Galliano, REALTOR® La. License #: 995704723 Keller Williams Realty Bayou Partners Mobile: 985.647.4479 Office: 985.262.4400 [email protected]  Produced by Clint Galliano Music by Wiggins Studios Keywordsappraisals, real estate, seller perspective, financing, FHA loans, inspections, market value, home selling, buyer-seller negotiations, property value Click here to view the episode transcript. Click here to watch a video of this episode.