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Episode 131 - Times Are Changing: Does Down Payment and Concessions Affect Value?
Episode 131 - Times Are Changing: Does Down Payment and Concessions Affect Value?
The past two years have made selling real estate easy. Wait! That was easy, you ask? It was easy for listing agents to negotiate. Times are changing and negotiations are on their way back. Do you know how to navigate them? Make sure to ask the lender how they will address repairs, concessions, and down payment.
The industry is working its way back to normalcy, are you ready?
SHOW NOTES
- 01:10 – Mark Skapinetz podcast, Contributory Value.
- 02:30 – Question from an agent: does down payment alter the value and repairs on a property?
- 05:50 – Buckle up, because the past few years of negotiating has been easy. We are getting back to normal.
- 08:20 – Cash equivalency and how it can affect the valuation.
- 11:30 – Appraiser is required to review and analyze the purchase contract.
- 13:30 – Loan type could affect issues regarding repairs, and condition ratings can also be a problem.
- 16:10 – Talk to the lender about the loan type, will lender have additional requirements, and how they will deal with contract concessions.
SHOW LINKS
- Mark Skapinetz podcast - https://podcasts.apple.com/us/podcast/contributory-value-with-mark-skap-skapinetz/id1494985230
BETWEEN THE LINES LINKS
Web
brianclee.com
https://www.facebook.com/groups/realestatebetweenthelines/
https://www.facebook.com/Brian-C-Lee-111822417027919/?
YouTube
https://www.youtube.com/channel/UCcv4dHU39-b5_QVVCIhbcBA?
View all episodes
By Brian C. Lee, Christian Kemp
4.7
1717 ratings
Episode 131 - Times Are Changing: Does Down Payment and Concessions Affect Value?
The past two years have made selling real estate easy. Wait! That was easy, you ask? It was easy for listing agents to negotiate. Times are changing and negotiations are on their way back. Do you know how to navigate them? Make sure to ask the lender how they will address repairs, concessions, and down payment.
The industry is working its way back to normalcy, are you ready?
SHOW NOTES
- 01:10 – Mark Skapinetz podcast, Contributory Value.
- 02:30 – Question from an agent: does down payment alter the value and repairs on a property?
- 05:50 – Buckle up, because the past few years of negotiating has been easy. We are getting back to normal.
- 08:20 – Cash equivalency and how it can affect the valuation.
- 11:30 – Appraiser is required to review and analyze the purchase contract.
- 13:30 – Loan type could affect issues regarding repairs, and condition ratings can also be a problem.
- 16:10 – Talk to the lender about the loan type, will lender have additional requirements, and how they will deal with contract concessions.
SHOW LINKS
- Mark Skapinetz podcast - https://podcasts.apple.com/us/podcast/contributory-value-with-mark-skap-skapinetz/id1494985230
BETWEEN THE LINES LINKS
Web
brianclee.com
https://www.facebook.com/groups/realestatebetweenthelines/
https://www.facebook.com/Brian-C-Lee-111822417027919/?
YouTube
https://www.youtube.com/channel/UCcv4dHU39-b5_QVVCIhbcBA?