Times Are Changing: Does Down Payment and Concessions Affect Value?
Times Are Changing: Does Down Payment and Concessions Affect Value?
Times Are Changing: Does Down Payment and Concessions Affect Value?
Episode 131 - Times Are Changing: Does Down Payment and Concessions Affect Value?
The past two years have made selling real estate easy. Wait! That was easy, you ask? It was easy for listing agents to negotiate. Times are changing and negotiations are on their way back. Do you know how to navigate them? Make sure to ask the lender how they will address repairs, concessions, and down payment.
The industry is working its way back to normalcy, are you ready?
SHOW NOTES
- 01:10 – Mark Skapinetz podcast, Contributory Value.
- 02:30 – Question from an agent: does down payment alter the value and repairs on a property?
- 05:50 – Buckle up, because the past few years of negotiating has been easy. We are getting back to normal.
- 08:20 – Cash equivalency and how it can affect the valuation.
- 11:30 – Appraiser is required to review and analyze the purchase contract.
- 13:30 – Loan type could affect issues regarding repairs, and condition ratings can also be a problem.
- 16:10 – Talk to the lender about the loan type, will lender have additional requirements, and how they will deal with contract concessions.
SHOW LINKS
- Mark Skapinetz podcast - https://podcasts.apple.com/us/podcast/contributory-value-with-mark-skap-skapinetz/id1494985230
BETWEEN THE LINES LINKS
Web
https://www.facebook.com/groups/realestatebetweenthelines/
https://www.facebook.com/Brian-C-Lee-111822417027919/?
YouTube
https://www.youtube.com/channel/UCcv4dHU39-b5_QVVCIhbcBA?
From The Podcast
Real Estate Appraisal Between The Lines
Brian Lee is an acclaimed real estate appraiser, broker, instructor, and construction expert with over 25 years of experience. He received his bachelor’s degree in Finance and Real Estate from Indiana University. (GO Hoosiers!) After a disappointing attempt at being the next Jedi Master in the latest Star Wars movie, he discovered the "Force" was strong with him as a Real Estate appraiser and speaker.Brian's knowledge and experience has taken him across the galaxy to train agents on topics including: real estate appraisal, agency, brokerage, business operations, contracts, and investing.He loves helping agents provide value to their clients by adjusting agents’ perception and knowledge of valuation, CMA prep, and appraisers. When Brian isn’t yapping in front of an audience or assisting agents to achieve real estate mastery, he attempts to keep his wife happy and occasionally makes his kids laugh. (Jedi Mind Tricks don’t work on the strong-minded.)Real Estate Appraisal Between the Lines is all about helping agents understand the pieces and parts of the valuation process, appreciate why appraisers do what they do (besides make agents mad), and by providing tips to write a better CMA. Tune in every week for a new suggestion and an occasion dig at those pesky valuation experts.Brian currently resides in the Indianapolis area, where he rides his Harley and builds LEGOs. Make your day legendary!Join Podchaser to...
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