Don't Panic! Buyer Gets Dream Hom...

Don't Panic! Buyer Gets Dream Home Under Market Value (Even With Appraisal Gap)

DFW Real Estate Weekly di Todd Tramonte
23 set 2024
47:25

Note sull'episodio

On today's show we tell the story of a buyer who found their dream home in Richardson, Texas with the help of real estate agent Gibson Aguirre. They were under contract for a conventional 15-day close, but their happiness was short-lived when the appraisal came in $71,000 lower than the purchase price. Most buyers in this situation would be discouraged, but Gibson didn't give up.

He explored various options, including disputing the appraisal and switching lenders. Ultimately, they found a new lender who offered a higher appraisal and the buyers were able to close on the house for $5,000 less than the contract price!

We also talk about:

- - The big Fed announcement!

- - Why having a great real estate agent can make all the difference in a difficult situation.

- - What to do if you encounter an appraisal gap.

- - How the fall season can be a good time for buyers to find deals.

- - Tips for choosing the right real estate agent.

And BONUS! DP Lambert, an insurance expert, joins us on the show to discuss the importance of shopping around for homeowners insurance, especially in the current market.

Parole chiave

real estate
texas
dallas
fort worth
house
realtor
real estate agent
artificial intelligence
home equity
two year flip
homes on land
frisco
prosper
wealth building
big backyards
election
real estate market
benbrook texas
aledo texas
state of the market
psychology
Appraisal
federal reserve