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Results (6,295+)
Liam Hanlon An Alternative Approach to Appraisal Gap Coverage
15 December 2020 | 0 replies
Any such cash differential shall be applied to Buyers` Cash at Closing.”Let me give you a simple example of a situation where the appraised value is less than the sales price and how AGC can be applied to save a deal…Now that we have seen an example of how AGC can be applied, let’s analyze its strengths and weakness…ProsConsActs as an insurance policy to the seller against a low appraisalOften results in the buyer paying more money for less equity in the homeAllows a buyer to improve and offer without raising the purchase priceIt is not financed through the bank/lender (paid in full by the buyer)Allows the buyer and seller to transact outside of a lender’s domainIs binding upon acceptance of the offerTo demonstrate the negative effects of AGC let’s take the same example from before and compare a few scenarios…Appraised at 100kAppraised at 90k (w/ AGC)Original Sales Price$100,000$100,000Appraisal Gap Coverage-$5,000Appraised Value$100,000$90,000New Sales Price$100,000$90,000Seller Gets$100,000$95,000Buyer Pays$20,000$23,000Alternative Approach It is clear from the example above, that AGC has the potential to force the buyer to pay substantially more for a home that has a lower expected value than originally anticipated.
Anthony Simboli How to compete with cash offers!
14 January 2021 | 18 replies
Your earnest money was weak compared to the competition;4.
Carmel Duffy A stupid Landlord Mistake
24 December 2020 | 79 replies
Some tenants will take kindness for weakness.
Jason Malabute is a correction coming?
4 January 2021 | 23 replies
I see a very strong sustainable market with a few weak geographical areas.
Nic S. I'm getting my butt kicked
28 April 2022 | 70 replies
Usually people acquire properties at a more measured pace and the higher performing ones carry the weak ones until they too are carrying their weight.
Jeremy Robbins New Investor from Atlanta
21 December 2020 | 3 replies
This year has been a strange one for everyone, and has really shown me where my weakness' are as an agent.
William Webb Wholesale Real Estate Lead Websites
23 December 2020 | 11 replies
People say... know your strengths and weaknesses, and resourse out your weakneses.That is SUCH FRIGGIN BS OMG!
Samson Hollmérus Accountability partner/Mastermind group wanted.
15 February 2021 | 4 replies
Having said that, we're both extremely open minded and have a good sense of our weaknesses and strengths.Looking to expand the horizon of opportunity and learning.
Travis Oakes Tenant noise over landlord
24 December 2020 | 29 replies
He did his best to soundproof between floors: actually did a ton of work with double layers of sheet rock, tons of insulation and even added a drop ceiling but the problem is that soundproofing is only as good as the weakest point so even if there’s one area you can’t get to with insulation, or a hole for electrical wires, plumbing, mouse hole etc the sound will come right through that weak spot.
Jackie Dean Angry Tenant Need Help ASAP
18 October 2020 | 33 replies
It's animalistic behavior; they see your weakness and start to attack, which makes you shy away even more, which makes them attack more.Force her to keep communication in writing.