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What to Do if Your Home Doesn’t Appraise


Many buyers think a failed appraisal spells the end for their homeownership dreams. That’s not true at all. You have many options to choose from on how to proceed.

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So, what happens if your home you recently purchased does not appraise?

1. The buyers can cancel the purchase agreement. The buyers will receive their earnest money deposit back.

2. Ask the sellers to reduce the purchase price to the appraised value. If they agree, an amendment is drawn up and both the parties sign reflecting the new purchase price.

3. Buyer and seller can meet in the middle of the appraisal value and original contract price. For example, if the original price was $500,000 and the appraised value was $490,000 and they agree on a new purchase price of $495,000, the buyers will have to come in with an additional $5,000. The bank will only lend money on the appraised value.
If done correctly, it’s a simple renegotiation.
If done correctly it’s a simple renegotiation that makes both the buyer and seller happy with the end result.

If you have any additional questions, please don’t  hesitate to contact me immediately.

**A broker is licensed to render real estate advice. If you desire tax, legal or lending advice, consult the appropriate professional. Videos and marketing by Broker are intended to help educate the public. Laws and real estate practices may change at anytime.  All information deemed reliable but is not guaranteed and determined on a case-by-case basis. If your property is listed, please disregard as it is not our intention to solicit. We cooperate fully with other brokers. Equal Housing Opportunity and member of the National Association of Realtors.

How to Make Sure You Hire the Right Realtor


Selecting the right Realtor is probably the most important decision you will make in the buying or selling process. Here's how you choose the right one.

How should you go about selecting the right Realtor for you?

With approximately 22,000 licensed real estate agents in San Diego county, I will tell you how to select the right Realtor because as you know, everyone, and I mean everyone, knows a Realtor.

Here are a few suggestions. Selecting the right Realtor is very important, probably THE MOST important decision you will make in the buying/selling process. It shouldn’t be taken lightly considering buying or selling a home is probably the biggest and most important financial decision you will make in your lifetime.

1. Does the person you are considering choosing work as a Real Estate agent part time or full time? In other words, is real estate their career and does he/she actually make a living at it?

2. How long have they been in business? He/She needs to be in business at least 4 yrs or have successfully closed 48 transactions. Why, because experience is needed when things go wrong and that’s when it pays to have an experienced Realtor by your side.



"It pays to have an experienced 
Realtor by your side."


3. How many homes have they sold in the last 24 months? Make sure they are selling a minimum of 12 homes a year. I know people who have been a “Realtor” for the last 20 years and they average 1-2 homes sold a year. That's not good – they are not in touch with the market nor are they aggressive enough to do what it takes to sell your home for top dollar or get your offer accepted when there are multiple offers on the property.

4. Referrals are always great, but make sure they “check all the boxes.” Speak with their last 3 clients – don’t let them hand pick their references. 

5. Google them. Make sure their on-line reviews are great.

6. Look up their license status at the Department of Real Estate to make sure it is in good standing.

7. Make sure they have a video blog and website and their social media pages are professional.

8. Agent’s Brokerage – Are they a well-established professional real estate company? These Realtors tend to have more knowledgeable brokers and better business practices than the “mom and pop shops.”

9. After you have met with your prospective Realtor – do you get along with them? Can you see spending the next 30, 60 or 90 days with them? A great agent will be in constant communication with you throughout the entire process.

If you follow these suggestions I’m sure you will be working with a professional Realtor who make your home buying/selling a great experience.

**A broker is licensed to render real estate advice. If you desire tax, legal or lending advice, consult the appropriate professional. Videos and marketing by Broker are intended to help educate the public. Laws and real estate practices may change at anytime.  All information deemed reliable but is not guaranteed and determined on a case-by-case basis. If your property is listed, please disregard as it is not our intention to solicit. We cooperate fully with other brokers. Equal Housing Opportunity and member of the National Association of Realtors.


How to Get Your Offer Accepted


There are a few crucial steps you need to take when putting an offer on a home to get an edge over the competition.

According to the CA Association of Realtors there will be multiple offers on any given property 98% of the time. You will be competing, so you need a strong agent with experience and a proven track record to help you purchase your dream home or investment property.

Here are a few great tips on how to get your offers accepted over your competition.

1. Be available - when a home comes on the market you need to get out there to see within 24 hrs – you’re competing and sometimes it is a race – be available.


"Don’t mess around writing a low offer hoping to save a few dollars off your monthly mortgage."


2. Write a strong offer right out of the gate – come in high and strong, if not someone else will and could potentially get the house. Don’t mess around writing a low offer hoping to save a few dollars off your monthly mortgage. Saving $8.00 a month is not worth losing the house.

3. Make sure the offer is signed thru Docusign. It’s neat, clean, fast and looks professional.

4. Now when your agent submits the offer it should include your pre-qualification letter, proof of funds, which is your deposit, down payment and a personal letter. This alone can separate you from similar offers.

5. Increase your earnest money deposit, you’re buying a house not a cell phone – put down a minimum of 1-3% of the purchase price. This shows the seller you are committed.

6. Contingency period is typically 17 – 21 days; this is the period in which you/buyer does their due diligence – inspections – loan approval – reduce this to 14 days. 14 days is plenty of time to get everything done.  Why is this so important? Until you remove ALL of your contingencies in writing you can cancel the purchase agreement at any time. The sellers do not want to wait 21 days – 14 days will separate you from the competition.

7. The escrow period should be 30 days – there is no reason for it to go longer.

Follow my steps and your offer will be accepted. It’s easy and can make huge difference in separating you from the competition.

**A broker is licensed to render real estate advice. If you desire tax, legal or lending advice, consult the appropriate professional. Videos and marketing by Broker are intended to help educate the public. Laws and real estate practices may change at anytime.  All information deemed reliable but is not guaranteed and determined on a case-by-case basis. If your property is listed, please disregard as it is not our intention to solicit. We cooperate fully with other brokers. Equal Housing Opportunity and member of the National Association of Realtors.