The bank’s appraisal doesn’t always capture the full condition of a home. Here’s how we get ahead of it with a contractor and a building engineer.
Lenders send their own appraiser to evaluate a short sale property once the bank accepts the negotiation package — but that assessment doesn’t always capture the full condition of the home, and it’s not the only opinion that matters in the negotiation. To get ahead of that, we hire a contractor and a building engineer at our own cost to fully understand the property’s condition and issues before the bank’s appraiser ever walks through the door.
This matters because the sale price a bank will accept is directly tied to what it believes the property is worth. If the bank’s appraiser misses structural issues, deferred maintenance, or other problems that reduce the home’s actual value, that gap can stall or derail negotiations. Presenting the bank with a full, independently documented picture of the property’s condition puts the negotiation on more accurate footing from the start.
This is one of the parts of our process that homeowners rarely think to ask about, but it directly affects whether the short sale price the bank ultimately accepts reflects the real state of the home — or an incomplete one.
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