Good Things Don’t Always Come Easy

It seemed like a sweet deal. Only three days on the market, and we had two competing offers in on the house. Both offers were full price and nearly identical. I asked each agent if they had any information to add to help my sellers make a decision. One party replied that they would drop all inspections. Yippee! Full price, no inspections, no seller’s help. Sounded pretty good.

Then we got hit with the appraisal. It was $15,000 below the offer price. I knew this was ridiculously low. The sellers had replaced the roof, put in a new sidewalk, added new flooring, painted, updated the electrical and plumbing, etc. We requested a second appraisal, but in order to do this, the buyer had to change her financing from FHA to conventional. With FHA, the appraisal stands for 6 months. We pushed off settlement so the buyer could get everything in order to change her financing.

We waited for the financing change before the lender could order the second appraisal, which caused many delays and rescheduling of closing. We sat on pins and needles until, finally, the appraisal came in at full price! Then more hiccups with one of the sellers going out of town, another settlement delay, difficulties getting all the paperwork in. I got the last required piece of paperwork the morning of closing. 

So, after two appraisals, three changes to the settlement date, a delay of over six weeks, and lots of tension all around, we finally made it to closing. 

The point here could be that my sellers didn’t lose $15k because they were willing to persevere. On a broader perspective, it’s a reminder that good things don’t always come easy.

YOU MIGHT ALSO ENJOY

Is A Multi-Generational Home Right for You?

Multi-generational living is on the rise. It’s not unusual for grandparents, parents, and children to live under the same roof. But is multi-generational living right for you? Let’s take a look at the pros and cons of living in the same home with several generations of one family.

The 2024 Housing Market is Heating Up | Lancaster County, PA

This year’s housing market is off to a great start! Are you a home buyer or a home seller? Are you curious to know the latest 2024 spring housing market stats? Let’s take a look at what’s happening with the housing market both locally in the Lancaster, Pennsylvania, area and nationally. We’ll take a look at home sales, housing inventory, home prices, and other key points.

Renovate Your Home to Sell

You’re preparing to sell your home and wondering which projects will get you the best return on investment! Check out this video to find out what the expert says!

11 Steps to Buying Your First Home

Buying your first home can be both exciting and scary! If you are preparing to buy your first home, check out these eleven steps to guide you through the process from start to finish!