Listing Agents, Appraisals, and The Golden Rule

The showing by Ross Kaplan (612-926-8005) ( rosskaplan@edinarealty.com) at 2725 France Ave S, Minneapolis, MN 55416 (KeyBox# 32172172) began 01/12/2018 9:17AM

–email sent automatically by electronic lockbox.

What’s the best way for a listing agent (representing a Seller) to ensure that they’ll connect with the appraiser sent out by the Buyer’s lender?

Note: to listing agents (and their clients!): you want that to happen, for a host of reasons.**

The listing agent can always leave a packet of materials for the Appraiser, including an updated Comparative Market Analysis (“CMA”), in the home.

However, that doesn’t guarantee that the Appraiser will review the listing agent’s analysis carefully, or fully appreciate their key points.

Another strategy is to email the materials to the Appraiser in advance.

Also OK, but subject to the

All of which is why personally meeting the Appraiser is preferable.

In-Person Meeting

The catch is, Appraisal appointments can be made last-minute, giving the listing agent practically no advance notice.

Too, busy Appraisers can arrive any time during the standard one-hour appointment window — if not before or after.

The solution?

For the listing agent (in this case, me) to wait to receive an automatic email (see above) telling them that their electronic lockbox has just been opened.

Then, head over to the client’s house to meet them.

Of course, that requires that: 1) the agent is using an electronic, not mechanical, lockbox; 2) the agent’s office is nearby; and 3) the agent be able to drop what they’re doing, and immediately meet the Appraiser.

“Check,” “check,” and “check,” in my case yesterday.

**That ensures that the Appraiser has the most current sales price, is analyzing the right Comp’s, knows the area, etc.



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