[Audacious]

Originally Posted by Mike Peterson

Actually most Realtors will leave the sign up after the listing expires or sells until the owner asks them to take it down, just for the free advertising.

That makes all the sense in the world.

[jello212]

3. You say you won't sell your house for less than it is "worth". Your house is worth what someone will pay for it....end of story. It is not worth what a realtor tells you, not what your neighbors tell you, not what Zillow tells you, not what an appraiser tells you.

Not entirely true. I had 1 offer for 160 and another for 159 and the appraiser said it was worth 150. Because of the appraisal, the lender refused to lend more than 150.

[kort677]

Originally Posted by jello212

Not entirely true. I had 1 offer for 160 and another for 159 and the appraiser said it was worth 150. Because of the appraisal, the lender refused to lend more than 150.

then the buyers weren't prepared to pay what the house is worth, if the bank will only finance 150k and the buyer realy believes the house is worth 160k, he will find a way to get the 10k.

Banks do have a lot to do with the real estate transaction, but that doesn't mean that they always make the correct decision.

[jello212]

actually, it didn't matter. The bank wasn't willing to lend any money as long as the sales price was over the appraisal amountl. The buyer was willing and did come up with the extra 10.

They could have gone with another lender but didn't want to go that route.