Podcast 296 – When Ordering an Appraisal Do You Have to Release the Purchase and Sales Agreement?

Michael Quarles covers whether or not you should release the Purchase and Sales Agreement to the Appraiser, and more… I believe it was during your 8-1-16 Contract Review Discussion where you said that when you order an appraisal that the appraiser would ask for the P&S; agreement. You stated that you would NEVER give it to him, why?Is it because it would affect his opinion on value?  I had a question in regards to Wholetailing. Simply put, why would a real estate investor purchase a wholetail? If the fair market value of property is worth $200K, and you purchase it for $140K using seller financing, how can you resell it to an investor? I understand you would make $60K on the deal but how would the investor make money? What if you tie up a property and set it up as a wholetail deal and list it on MLS, and then you can’t sell it? Do you cancel the deal with the seller? Do you close on it? Why do you order a BPO and what exactly is it? What is one thing I could do today to help buy a house? More Podcasts! Listen to More Podcasts by Michael Quarles! – Click Here Listen to Recorded Live Seller Calls! – Click Here Listen to Interviews with Today’s Top Business Professionals! – Click Here Tweetable   When Ordering an Appraisal Do You Have to Release the Purchase and Sales Agreement CLICK TO TWEET     Join Michael Quarles’ Gold Coaching Program CLICK TO TWEET     Text Investor to 313131 CLICK TO TWEET   Share the Show Did you enjoy the show? We would love it if you subscribed today and left us a 5-star review! Click this link – The Michael Quarles Real Estate Show Click on the ‘Subscribe’ button below the artwork Go to the ‘Ratings and Reviews’ section Click on ‘Write a Review’ Resources Please send questions you would like Michael Quarles to answer to [email protected] and he will answer them on one of his upcoming podcasts! Looking To Grow Your Real Estate Investing Business? Join My Gold Coaching Program Yellow Letters – www.YellowLetters.com Want to be held Accountable to your GOALS? – Text the word WEALTH to the number313131 Want to Learn from Michael Quarles? – Text the word INVESTOR to the number 313131