All Forum Posts by: James Bausch

Diego- I'm going to invite you to a group.  @John Murphy

Hi Britt,  

I'd be glad to be a resource to you here in the Warsaw/Winona area.   I'm a broker with an investing background.  We've helped a number of BiggerPocket folks and I can help you plug into the local community here in Kosciusko County.  Feel free to PM me.  

Hey Diego, 

I'm a local RE Agent with a lot of good connections including insurance folks.   I'll PM you. 

Amy call me to discuss!  Bigger Pockets won't let me post my phone number-- but just google it!

Yes, I'd agree that multiple offers should be a strong indicator... yet on the other hand a property needs to actually sell in order for it to be used as true justification.  Just because someone OFFERS "x"-- doesn't mean it actually closes an is thus worth "x".     I've had strong offers on a property I'm selling but neither one has gotten to the closing table-- so we're headed back to the market again for the 3rd time.  

@Ben Haab Sorry man, again!  It's got to be frustrating.     To answer your initial question-- no, I'm not seeing that happening.  Actually I think in 4 of the 37 homes I've been involved with YTD they've actually appraised higher than purchase price.  I think you're stuck in a tricky spot with as @Chris Volkers mentioned you've got the nicest home in the area and there won't be many good legitimate comps.  Now I haven't specifically looked for them for your property but they certainly won't be in close locale.    What I have found is that in our area it's all about who the appraiser is.  IMO they have difficult jobs but what I tell my clients is that it's like substitute school teachers.... you don't know who you're going to get and you don't know what kind of mood they are going to be in.  You as the seller have the right to not let in anyone to you home-- if you know you've got stuck with a bad appraiser you don't have to let them in.  Good luck fighting it!  Oh, one more thing-- in our area because of the limited number of homes to use-- I don't see them giving much difference for a 3 or 4 bedroom.  There would be a sq. ft. adjustment made.   

Priya, send me a personal message and I can point you in the right direction. I'm an agent in a nearby area but don't personally service Ft. Wayne.  I've got a colleague that can help you out!

As a licensed agent in Indiana here are my thoughts.  By law he has to disclosed that he's licensed.  If you don't feel comfortable with him representing you-- you don't have to agree to it, but it might cost you otherwise to go elsewhere.   I agree with some of the other comments, like Jeff said, "due diligence like you normally would on any other transaction, but there is nothing in particular to be afraid of in the situation you described."  And yes we typically do not use attorneys except to draft the deed.   

@Christine Thilmony    While you might consider yourself a newbie you've done well in that short time- granted I don't know what the profits have been.   Because I've seen your work I'll make some calls and see if I can put you in touch with anyone that may be a good resource. 

Mia, feel free to call me to discuss.   I can't post my # here but you should be able to find it easily.