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?

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?" 

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 Eve Alexander Orlando Buyers Agent

 

Comment balloon 2 commentsMike & Eve Alexander • October 26 2012 06:43AM

Comments

Right on with your answer.  It is the listings agent's job to justify a price and to protest an appraisal.

Posted by Gabe Sanders, Stuart Florida Real Estate (Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales) over 6 years ago

Gabe:  It is nice to know that someone understands...thank you.

Posted by Mike & Eve Alexander, Exclusively Representing ONLY Orlando Home Buyers (Buyers Broker of Florida ) over 6 years ago

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