Orlando Real Estate, Orlando Buyers Agent, Orlando Homes, Orlando Buyers Broker

Is the Orlando Buyer Agents job to raise the appraised value?

Is the Orlando Buyer Agents job to raise the appraised value?   home appraiser

 

My Orlando Buyer client is buying a house that came in $35,000 short on the appraisal.  While the appraisal was adequate, it could have been stretched to a higher number, closer to the sales price.

I did what every good buyers agent should do...I asked the listing agent to discuss a price reduction with the seller to reduce the purchase price to the appraised value.

OOPS, wrong request!  The listing agent lost his cool and told me that it was MY job to rebut the appraisal and get the appraisal raised higher.  If fact what he gave me was an ultimatum...challange the appraisal or cancel the contract.

Really? I am representing the buyer 100% and it is my fiduciary duty to get the buyer the lowest price and most favorable terms.  Is it my job to get the price UP?  NOPE IT IS NOT! 

If the listing agent wants to dispute the appraisal, be my guest...but don't ask this Orlando Buyers Agent to push the appraisal up so that the buyer can pay more for the property than it is worth...that is not my job.

Copyright @ Buyers Broker of Florida 2012 "Is the Orlando Buyer Agents job to raise the appraised value?" 

How appraisals work

Six qualities of a Good Buyers Agent

Subscribe to my blog

Representing ONLY the best interest of the Home Buyer...never the seller.

 Eve Alexander Orlando Buyers Agent

 

Comment balloon 2 commentsEve Alexander • October 26 2012 06:43AM
Is the Orlando Buyer Agents job to raise the appraised value?
share
Is the Orlando Buyer Agents job to raise the appraised value? My Orlando Buyer client is buying a house that came in $35, 000 short on the appraisal While the appraisal was adequate, it could have been stretched to a higher number,… more
What is an "upgrade" when buying an Orlando home?
share
What is an "upgrade" when buying an Orlando home? I don't like having to dispute trivia, but sometimes in order to do a good job for my home buyer clients, the small thorns must be addressed Some home sellers think that every penny… more
Orlando agent says the motor runs so the Air Conditioner is just fine.
share
Orlando agent says the motor runs so the Air Conditioner is just fine. Says who? The Orlando Agent? If the Real Estate Home inspector sees a problem with the air conditioners who cares what the agent thinks? Big Orlando house.. more
7 Deadly Sins in Orlando Short Sales…
share
7 Deadly Sins in Orlando Short Sales There are many reasons why an Orlando Short Sale does not close but here are some to the most common short sale obstacles: 1. The property may go into foreclosure before the short… more
Making offers on Orlando Homes, making offers on Orlando Homes
share
Making offers on Orlando Homes, making offers on Orlando Homes We just had an unhappy Orlando home buyer client because her 3th home offer on the 3th house was not accepted… sold to another home buyer. She was tired of making offers on… more
Orlando Home Buyers should ALWAYS choose their own title company
share
Orlando Home Buyers should ALWAYS choose their own title company Why should an Orlando Home Buyer pay for and choose their own title agent/attorney? Because most Florida title Companies do shoddy work… its just a fact that anyone who is… more
Searching for FLORIDA Exclusive Buyers Agents
share
Searching for FLORIDA Exclusive Buyers Agents The Florida Association of Exclusive Buyers Agents is searching to identify all the EXCLUSIVE BUYERS AGENTS in the state of FLORIDA (only) If you are an Exclusive Buyer Agent please… more
Six qualities of a GOOD Buyers Agent
share
Six qualities of a GOOD Buyers Agent 1. Knows the Real Estate Market: A Good Buyers Agent can discuss intelligently the market values in target area and surrounding cities and counties. A Good Buyers Agent knows where the buyer client… more
The Biggest Mistake a Home Buyer can make
share
Biggest Mistake a Home Buyer can make. The biggest mistake that a home buyer can make is not having an open mind. A buyer with a pre-conceived picture of what a house in their budget should look like will only end in disappointment. … more
Exclusive Buyers Agent for Windermere Florida
share
Exclusive Buyers Agent for Windermere Florida Attorneys do not advocate for two clients with opposing interests.. so how is it that some Windermere Real Estate Agents claim to be able to represent or "partially" represent both the… more