Ep 84: Mailbag – What Happens When Appraisal Doesn’t Match Price?

With the current state of the real estate market in Oregon, we don’t always see appraisals line up with purchase prices. So what happens in those situations? We’ll tell you on this episode of the podcast and answer a few other questions that you sent in.
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On This Episode:

The real estate market hasn’t slowed down to much along the west coast, which is great news. But it also means that there are times when an appraisal comes back at a price much lower than the agreed purchase amount.

If you’re involved in a real estate transaction that faces this hurdle, how do you proceed?

On this episode of the podcast, we’re going to answer that question and explain what options are out there for the buyer and seller. We’ll also answer a few other mailbag questions that cover zoning rules, best times to sell, how quickly a property can be listed, and the relationship between agent and appraiser.

Listen to the full episode or click on the timestamps below to hear a specific segment.

[0:34] – Mailbag question about zoning rules

[3:14] – Mailbag question on best days to sell

[4:19] – Fastest Colleen’s gotten a home launched

[9:05] – Mailbag question on realtor and appraiser relationship

[10:54] – Mailbag question on appraisal matching purchase price

Colleen Quotes:

“The commercial market is very different than residential right now. We’re seeing very different patterns.”

– Keeping It Real Estate Podcast

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Show Host

Colleen Benson

Colleen is a licensed Principal Broker in the State of Oregon. She has more than 20 years of experience as a Realtor and has helped build the top Keller Williams team in Salem. Her tremendous team now serves buyers and sellers throughout the Willammette Valley and the Oregon coast. She is the host of the Keeping It Real Estate radio show on 104.3 FM KSLM. The show plays Saturdays and Sundays at 1pm and has been on the air since January of 2019. Don't hesitate to reach out to Colleen if you have any questions about buying or selling real estate in the area!​

Helpful Resources

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