A common occurrence in real estate sales is when the owners price their home for sale at a price higher than the appraiser's valuation. Sometimes this is caused by a faulty CMA by the real estate agent, and sometimes it is because the homeowners insist on a higher price against the real estate agent's suggested price.
 

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● Discuss what you would do as the sales agent for a buyer in the case of a home with an accepted offer from the buyer by the seller for $450,000 and the appraised value is $398,500. • If your first suggestion to fix the problem does not work, what alternative solution do you have? Explain. ● Discuss what you would do as the sales agent for a buyer in the case of a home with an accepted offer from the buyer by the seller for $450,000 and the appraised value is $398,500. • If your first suggestion to fix the problem does not work, what alternative solution do you have? Explain.

Answer rating: 100% (QA)

Homeowners pricing their homes above the appraisers valuation is a frequent phenomenon in real estate and the reasons behind it can be a mix of faulty ... View the full answer