Ep. 069 - Interview with Real Estate Agent Cate Lee
Episode 069 - Interview with Real Estate Agent Cate Lee
She’s Back!! By popular demand, Cate Lee (B’s better half and more significant, significant other) is with B to talk about current market conditions, “low” appraisals, and an issue on one of her transaction that B helped save.
SHOW NOTES
- 01:00 – Cate is back with us. B is Mr. Cate Lee
- 02:00 – Update on what Cate has been up to.
- 04:20 – Discussion about “low” appraisals and no shortage of opinion. And sharing a legal description issue that dealt with appraisal issues.
- 05:55 – “Low” appraisal = appraisal that is below the purchase price.
- 08:00 – Preparing buyers and seller for the current market with crazy offers and likelihood of the “low” appraisal.
- 09:50 – Gap shortage language in purchase agreements.
- 10:25 – How many buyer’s agents are doing a CMA for their buyer?
- 12:00 – Time crunch can affect the reaction time.
- 13:18 – Stop gap issue. Have conversation with buyer, are they willing to come up with the difference?
- 15:10 – If you want something, you can pay what you want.
- 16:30 – The lender is not willing to loan on a home for more than market value.
- 17:45 – What is time, energy, and memories worth to the buyer?
- 18:25 – What do you do from the seller’s perspective?
- 21:00 – Gravy to the seller if the property appraises for more than market price.
- 21:56 – Preparing the appraiser up front: list of updates, comparables, and anything to help support the purchase price.
- 24:00 – When you have multiple offers, give that detail to the appraiser.
- 27:05 – Appraiser needs a lot of info to help support the value for the lender.
- 27:25 – Listing agents: communicate information when you close out properties.
- 27:45 – Cate’s issue with a “duplex” property.
- 29:55 – All of the appraisers were right. What report is required.
- 34:15 – cate@craftsmanrg.com
SHOW LINKS
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?
Activity