Blog Stories Appraisals Causing A Hiccup

Appraisals Causing A Hiccup

By Matt Guy, October 15, 2018

It’s that changing market, time to buckle up and set the needle to Expectationville. 

When Corinna first contacted me she had her heart set on home ownership and hoped to harness those high spirits and hunger into her new found home.  Along the way, we saw duplexes, major fixers, mild fixers, mold havens, and mid 70s fantastic wall paper and carpet. But the one that swept her off her feet was this cute little home. It’s style, location, and size of yard had her heart abuzz, not to mention the oversized detached garage filled her mind with dreams of a possible ADU conversion!!! But along with her offer came the remnants of that 2017 market, and the last gasp (possibly) of multiple offers. So we found ourselves in a competitive situation, consulted over the numbers, and put in our best offer. To her excitement Corinna’s offer was chosen, and after moving through some tough inspection negotiations, the entire process ground to a halt due to a low appraisal. The toughest part was the journey back through price negotiations, and seeing how we could get the seller to agree to a new price. Through weeks of waiting (yes weeks!?!?) Corinna found herself a proud new homeowner, and the lessons learned of the bumpy ride of hopes and expectations as she moved towards her goal of owning a place she could call her own.

Matt Guy

Principal Broker | OR

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  • T: 503-939-8097
  • matt@livingroomre.com

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