| Author | Message | ||
Optionsgenius Comedian Username: Optionsgenius Post Number: 1390 Registered: 12-2014 Posted From: 76.183.220.196 Rating: N/A |
na house ki 30k valuation lo equity build aeinatlu chupinchindi valuation report lo. | ||
Politricks Megastar Username: Politricks Post Number: 21332 Registered: 03-2008 Posted From: 107.15.218.221 Rating: N/A |
Maverick Naaku nee question artham ayi avanattu undi...let me chip in how it happened to my home when I went to refinance my loan.... ZILLOW and other sites were showing my home is 465K...but the bank looked at the trends of last 2-3 months with home sales in the area (similar homes) and also looked at my upgrades and finally came up with the home values as 454K! They gave the process and I understood that they took 6 houses sold in my subdivision (In 3 months) looked closely and came up with this number! | ||
Maverick Legend Username: Maverick Post Number: 63712 Registered: 01-2008 Posted From: 68.50.104.56 Rating: N/A |
yeah, true builder financing firm aite ee case..idi kakunda general banks who are not connected( at least i think they are not) inflated inflated kakapote inkenti raogaru? do u think a 10% increase in 2-3 months genuine( kone vallu unnaru..i agree..and ee inflated price ki inka extra pay chesevallu kooda unnaru) but is this not regulated ani Happy Vizag | ||
Guriginja Legend Username: Guriginja Post Number: 36201 Registered: 02-2008 Posted From: 71.92.53.3 Rating: N/A |
how can you call itinflated yaa...ee roju oka company price yentha vunte dani meedha loan teesukovacchu....repu sagam padipothe vadu chesedhi ledhu....market confidence bongu boshanam vuntayi ga....some times the banker/builder etc collude....ma vaditho pothe closing costs istham, faster closing, etc etc...appudu nuvvu right kuda avvocchu..yevado okadu case yeyocchu...builder and banker dabidi dibidi ani... | ||
Maverick Legend Username: Maverick Post Number: 63711 Registered: 01-2008 Posted From: 68.50.104.56 Rating: N/A |
banks dont they consider the risk of inflatd price ani naa question Happy Vizag | ||
Guriginja Legend Username: Guriginja Post Number: 36199 Registered: 02-2008 Posted From: 71.92.53.3 Rating: N/A |
andaru business ye kadha...so everyone wants a piece of the pie...comparables lo oka 5-6 houses vunte chalu..time yemi ledhu anukunta (I may be wrong) so if there are 5-6 comparables in the zip code they satisfy the law...adhe subdivision kavocchu...veredhi kavocchu...you ask the home owners who already bought their homesthey will be very happy and wil argueagainst what you are saying....so market dynamics manam yemi seyya lemu...less supply..more demand and vice versa. | ||
Maverick Legend Username: Maverick Post Number: 63709 Registered: 01-2008 Posted From: 68.50.104.56 Rating: N/A |
builders ok..what about banks financing..dont they look at least 3 months back pciture and correct the price? india type lo addagoluga penchukuntoo potara? is there no regulation? Happy Vizag | ||
Guriginja Legend Username: Guriginja Post Number: 36197 Registered: 02-2008 Posted From: 71.92.53.3 Rating: N/A |
sold out and people are still looking to buy ante demand vunnatte kadha, so that is definitely taken into consideration....market dynamics yela shif avuthunnayi ani chustharu...aa freequency batti kuda assess chestharu...forget 2-3 month aa month lo oka 5-6 homels sale ayyunte avi matrame teesukovacchu....vadiki yedhi conveninet ayithe adhi teesukuntadu....making hay while there is sun annattu. | ||
Maverick Legend Username: Maverick Post Number: 63708 Registered: 01-2008 Posted From: 68.50.104.56 Rating: N/A |
loan approval appude kada..loan approival say is done in march for a june closing? in that case why will banks agree to loan that jacked up price? Happy Vizag | ||
Maverick Legend Username: Maverick Post Number: 63707 Registered: 01-2008 Posted From: 68.50.104.56 Rating: N/A |
yeah munde oka price anukuntaru..if that price is 50k more then what? homes entered into contract in nov 2016 say 300k for closing in feb 2017, homes entered into contract feb 2017 is 350k and for closing in june 2017. and all the community is sold out means people are buying at the jacked up price..so how will the banks say that 50k more is really justified in 2-3 months difference Happy Vizag | ||
Gotcha Megastar Username: Gotcha Post Number: 27827 Registered: 02-2008 Posted From: 73.45.2.79 Rating: N/A |
Appraisal eppudu atindi anedi dani bati emo ... | ||
Maverick Legend Username: Maverick Post Number: 63706 Registered: 01-2008 Posted From: 68.50.104.56 Rating: N/A |
yes, but what is the time frame? same community same options same type of lots..50k difference in 3-4 months closing period difference, how would they appraise..ofcourse same month closing chooste u will find similar homes,but what about 3 months ago Happy Vizag | ||
Guriginja Legend Username: Guriginja Post Number: 36195 Registered: 02-2008 Posted From: 71.92.53.3 Rating: N/A |
3-6 months minimum veltharu...appraisal is a different story usual ga listed/ sale price ki daggaragane apprise chestharu value inka yekkuva vunna kuda....kind of taking the lowest price in the comparables selected....takkuva value vunte ofcourse anthake apprise chesthadu.
builder/seller pakkaroje 100k kuda penchukovacchu..but yevadu cheyadu yendukanteyevadu konadu kanuka. closing ki price ki yemi sambandam..munde oka price anukoni contract sign chestharu kadha if it is a pre-sale? | ||
Emc2 Legend Username: Emc2 Post Number: 53148 Registered: 03-2008 Posted From: 71.126.165.28 Rating: N/A |
they will go by avarage sales of near by homes plus historic trends and option that house has | ||
Maverick Legend Username: Maverick Post Number: 63705 Registered: 01-2008 Posted From: 68.50.104.56 Rating: N/A |
How do realtors and banks appraise home values when they are sold and closed? How far back they go to look at similar homes sold in the same community or area? say a builder listed a home for 300k in oct 2016 and its closed in feb 2017, can they jack up the prices to 350k for sold in feb 2017 to close in june 2017 when banks sanction loans, dont they go back atleast 3-6 months to look at similar homes? Happy Vizag |