Lender Sent Appraisal to the Seller's Agent before he sent it to my agent and I.
How about a buyer story that the lender passed the bank's price estimate directly to the broker instead of the buyer? accepted? what would you do?
My wife and I made an offer for a $ 245,000 home listed for $ 235,000. This neighborhood is in high demand and we started dealing with many other offers within hours of the house appearing on the list. Our bid was selected and everything was smooth so far, but we got the estimate back and it is an estimate of exactly $ 235,000 - lower than our bid. We were disappointed, but there are options. However, it became clear to us that the lender had sent the kit to the registration agent before sending it to us. The registration agent is now calling all the brokers in the area who have registered the computers and are trying to get the bank / appraiser to re-evaluate so that it fits our offer. I feel like our lender has taken the rug out from under my wife and I in relation to our negotiating power, or at least our options to move forward. What should we do next? Was it proper for the lender to send the appraisals to both parties without my consent? We're in Ohio.
Lender Sent Appraisal to the Seller's Agent before he sent it to my agent and I.
My wife and I put an offer in on a house of $ 245,000 that was listed at $ 235,000. This neighborhood is very sought-after and we were up against…
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It is not acceptable to send the freelance to any third party other than the buyer who paid for it. Sometimes the landers also send to the buyer's agent, but also only with the buyer's approval.
As for the loss of ability to negotiate, it is not entirely accurate because even if you were to open negotiations based on the appraiser's report, the other party would probably have done the same checks against the last sales that were in the neighborhood and asked to appeal the report.