What happens if the appraisal is lower than your offer? Here’s what N.J. real estate agents say.
Updated 11:15 AM;
Today 11:00 AM
What do you do when the appraisal comes in lower than the offer?Patti Sapone | NJ Advance Media
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Home buyers in today’s seller’s market are battling through low inventory and stiff competition by taking on huge risks including an appraisal contingency waiver.
Mortgage lenders send an objective party, known as an appraiser, to look at the home and give it a value. And with the average price of a home in New Jersey rising $100,000 since last year, the appraised value is often coming in lower than the offer price.
For most real estate professionals, work is a 24/7 proposition, so it’s no surprise that many children of agents and brokers end up in the real estate industry as well. These sons and daughters have grown up with hard-working mothers setting an example of service and professionalism that they are now following.
We asked these powerhouse real estate mothers and their children their secrets for working together. Find out their favorite things about being colleagues, the challenges they face, and some of the ways they bring balance to their professional and private relationships.
Carol Nevada Duran and her daughter Andrea Duran Allen
It’s a seller’s market, but is this really a good time to sell your home?
Updated Apr 04, 2021;
Posted Apr 04, 2021
There s no end in sight to the seller s market. But if you do sell, where can you go? Inventory is low and competition is fierce. AP Photo/Matt Rourke
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It’s a seller’s market, which makes it sound like a really good time to put your house on the market.
There are very few houses for sale. And multiple offers are driving up prices on the ones that are, putting more money in seller’s pockets.
Tips for buyers and sellers in NJ s red hot real estate market nj.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nj.com Daily Mail and Mail on Sunday newspapers.
Raise your hand if you’re happy that 2020 is in the rearview mirror. Despite stay-at-home orders and skittish buyers and sellers, we survived. Now it’s time to thrive. And the 2021 Florida Realtors® Leadership Team is with you every step of the way.
“Florida Realtors is committed to inspiring, encouraging and innovating for its 195,000 members,” says Cheryl Lambert, 2021 president of Florida Realtors. “We challenge you to Dare to Dream how to be the best you personally and professionally. We encourage all Realtor members to increase their participation in advocacy to keep the momentum of a successful 2020 legislative program going.”
“I believe 2021 is going to bring a whole new aspect of excitement of a new normal,” adds Christina Pappas, president-elect. “Realtors are continuing to pivot, to shift and to adjust their business to what the world is now. There’s a lot of excitement and buildup around what 2021 is going to be.” Pappas highlighted the tremendous