Blog

Low Appraisal Addendum


The last several months has seen a steady climb in the use of the “low appraisal addendum.” What is it? This addendum obligates a buyer in advance to pay MORE than the appraised value. Why would anybody do that?? Because buying is so competitive right now that many homes are not appraising at value! You would think this would be a great thing for buyers (a protection) and it is, but then enter this addendum. This addendum allows buyers to submit a MORE COMPETITIVE offer by promising a seller in advance that if the property does not appraise, the buyer will pay more than the appraisal value. The buyer sets that amount in their initial offer. Remember that lenders won’t lend above the appraised value so that’s EXTRA cash you need to bring to the table. Of course, if it appraises at your purchase price value, the addendum doesn’t apply.

SOUNDS TOUGH TO BUY RIGHT NOW?? Not necessarily. This doesn’t happen with every home on the market. It largely depends on the location and type of property you want. PLUS, with interest rates so low, it’s worth giving it a shot if you can get into a home and start building your own equity instead of your landlord’s!

DM, call, text, or email me for information. Lots of info at ListingsFor1.com too!

DAISY CASILLAS
(206) 866-8090
ListingsFor1.com

1% Real Estate Broker – The New Normal™

PSE Marketplace

Just got the following email from Puget Sound Energy and it’s no joke! REALLY STEEP DISCOUNTS on THE LATEST smart thermostats! I didn’t need anything super fancy but I did get the very latest model of Google’s Nest for only $55 after PSE’s $75 discount! 58% off?! WOW! Below is the email I received. You must be a PSE customer, obviously. LOL

A new way to make your home cozy and comfortable

Now introducing the PSE Marketplace! We’re making it easier than ever to purchase products that make your home more comfortable and efficient, right from the comfort of your couch. Shop online at the PSE Marketplace, and instantly save with these rebates:

  • Save $75 off smart thermostats
  • Save up to $10 off LED light fixtures
  • Save $5 off ShowerStart TSV hot water savers

On top of these great discounts, energy-efficient products will help you consume less energy, saving you money on your monthly utility bill. Upgrade your home today to start saving! GO HERE: https://pse-marketplace.com/welcome

How to Add Color to Real Estate Listings

Love this colorful piece of art I found online sometime ago. 💖 I wish I knew the artist! Colorful art is a fantastic way to add color, style, energy, and youthfulness to your home without doing laborious, more permanent, work such as painting bright walls. 😳 This becomes especially important when you’re selling a house. The truth is, buyers LIKE color! 🌈 It’s just that most sellers are not good at doing it on actual walls. 🤣

#SorryNotSorry. You’ll always get honest real estate advice from me! 😬😆

DAISY CASILLAS
(206) 866-8090
ListingsFor1.com 

1% Real Estate Broker – The New Normal™

Lower Interest Rate = HIGHER Purchase Price!

Buy land or buy a home! 🚨 Did you know that when interest rates are low, it increases the amount you can borrow?? 🚨 That’s why right now is a good time to find out if you qualify to purchase property. 🏠Historically, real estate is one of the safest investments one can make. Real estate doesn’t tank and rise like the stock market does. Plus, land does not depreciate like other assets! 🏕 DM, text, call, or email to talk about buying for investment, your FIRST HOME, or selling in the Pacific Northwest! ⬇️

DAISY CASILLAS
(206) 866-8090
ListingsFor1.com

1% Real Estate Broker – The New Normal™

Summer is the New Spring

A lot of people here in the Pacific Northwest don’t realize that real estate didn’t stop because of the governor’s stay-home “order.” We had a hiatus for three days but real estate is an essential service. Tens of thousands of people were in the midst of buying or selling a home when the coronavirus hit. One can’t just stop that midstream. Imagine the people who already gave their landlord or job notice, already paid for moving services, got a job out of the area, etc. We actually barely slowed down. Now that businesses are opening up everywhere, we are full speed ahead again. This year started VERY strong for Pacific NW home sellers due to low inventory.

Yet, it’s been great for home buyers too because interest rates have been so historically low. 🚨 Buyers! Don’t get stuck on the sticker price of homes! Focus on the monthly MORTGAGE. On average, you are likely to stay in a home for only 10 years. Is it better to buy a home during that time at low interest rates (plus gain appreciation later) or to rent and never get that money back EVER??? 🚨

Call, text, or email to talk to me about buying or selling a home at this time. Tons of actually helpful information on my website at ListingsFor1.com. 👈🏻👈🏼👈🏽👈🏾👈🏿

DAISY CASILLAS
(206) 866-8090
ListingsFor1.com