Pinecrest Florida Real Estate and More...

Home Buyers Safety Net

Yes, there are some homes currently for sale that are overpriced for today's market.  As a Buyer, you have a couple of safety nets to protect you from overpaying for a property.

First, make sure you are working with an agent who knows the area you are interested in very well.  Your agent will have a good idea of what a property is worth and also be able to provide you with a comparable market analysis of the property you are considering.

Secondly, your mortgage company will send out an appraiser to appraise the property you have put a contract on.  With all the foreclosures, short sales and mortgage fraud situations we are dealing with now; it is not very likely that an appraiser will appraise a property for more than what it's worth in today's market!  Should a property not appraise at or above the contract price, you do not have to go forward with the purchase or you and the Seller can renegotiate the purchase price.

 

Marie StoryMarie StoryMarie Story QR Code

Broker Associate, ABR,CIPS,GRI,TRC        

Celebrating My 21st Year in Real Estate

Coldwell Banker 

12651 South Dixie Hwy

Pinecrest (Miami), FL 33156

305-776-0010

Pinecrest Florida   ~ My Website   ~   Pinecrest Homes For Sale

Comment balloon 0 commentsMarie Story • August 29 2008 09:56AM
Home Buyers Safety Net
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Yes, there are some homes currently for sale that are overpriced for today's market. As a Buyer, you have a couple of safety nets to protect you from overpaying for a property. First, make sure you are working with an agent who knows the area… more
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