How a downtown Boston real estate broker can stop a bad appraisal

Boston Midtown condos for sale

These days appraisals are at the top of the deal killer list for residential Boston midtown real estate sales. Demand in the Boston downtown real estate market is up and often the market itself doesn’t catch up fast enough. This means that appraisers will be looking at old information that is skewing the way the bank is looking at the current sale. Also, the days have long past where a Realtor can choose an appraiser they trust. Appraisers are virtually randomly selected by the lender with no input permitted. Given these facts, what can be done to stop an appraiser from killing your Boston midtown condo sale?

1. Have your Boston Realtor meet the appraiser at the property.

Not all appraisers are willing to talk with the Boston midtown real estate broker, but often someone has to open the door for them. A good Realtor will ask the appraiser if they can point out some of the unique features of the home. If a conversation can happen between the Boston midtown Realtor and the appraiser your chances of success just went up significantly.

2. Make sure your Midtown Realtor Show Sheet to give the appraiser

If the appraiser won’t talk with the Realtor, and many won’t, they will still always take printed information about the Boston midtown home. A simple rule goes like this: if you give it to them, they must consider it. A full printout of all the positive features of the home should be presented to the appraiser when they visit the downtown home.

3. Show Comparable Sales

Be sure your Beacon Hill condo agent includes current comparables that relate positively with your current Beacon Hill home for sale. Usually, there are many comparable options for any given sale. It won’t hurt to provide the appraiser with some of the “better” options at the meeting.

Conclusion

It should be noted that not every Charles River Park condo sale is in jeopardy from an appraiser. Appraisers tend to want to make the deal come to pass, but often are stopped because they simply can’t justify the price given the comparables they have to work with and the condition of the home they see. If your Boston downtown Realtor follows these three steps, it will help the process tremendously.

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