Lead of David Easterwood Team

David Easterwood

RE/MAX Elite Properties

"Experience Excellence Today"

David Easterwood Bio

David is a licensed Realtor with REMAX Elite Properties.

After almost 20 years in the Hospitality and Service Industry, David has brought the skills that he has learned to service his clients in their real estate needs. The high paced environment of today's modern restaurants require leaders that are able to respond quickly, listen to the client and understand their needs and how to fulfill them, and to do it all in the quickest and most efficient way possible.

Client Advocacy is of the utmost importance to David. It is his job to make sure that all aspects of your real estate transaction are handled with professionalism, integrity, timeliness, and your best interests in mind. You need a professional to represent your needs and make sure that you get the best value for your investment. David takes pride in making sure that he knows what is most important to you through open communication and complete transparency in your interaction. Referrals are the highest compliment that he can receive from a client and David is committed to representing the needs of his clients. Whether its selling your current home, finding your dream home, or finding an investment property, David is ready to serve you and your needs.

Specializations: Golf Course Communities, Income Property, Seller Representation, First-time Home Buyers, Residential, Buyer Representation, Apartments, New Construction, Investment Property, Single Family Homes, Residential Condos/Townhomes, Rental Properties, and all your Real Estate Needs.

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Want to know how much your home is worth?

David Easterwood can help you estimate the value of your home and get an accurate estimate commonly used in the real estate market, known as a Comparative Market Analysis or "CMA".
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Listings by David Easterwood & Prior Sales

$ 170,000
Under Contract - Pending

$ 170,000 / Single-Family, 3 Beds , 2 Baths, 1,290 Sq.Ft. , Year Built: 2003 ,
MLS# 69818911 (HAR) /For Sale

Broker: RE/MAX Elite Properties

David Easterwood Specializes in the following Neighborhoods:

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Community Activities by David Easterwood

5 Points  

Bronze Level
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When a home appraises much lower than the contract price, why would a seller not be willing to reduce the price?

First I think that to understand this particular question where there is a lot of missing information that will help to understand the sellers mindset, but the simplest explanation is that you entered in to contractual agreement to buy the home and the appraisers opinion of value does not change the contract unless there is specific language in the contract regarding appraised value either on the 3rd party addendum or written in special provisions. From sellers view point, your client has some financing issues to work out. Did you prepare a CMA on the home prior to making the offer with your clients? If you did and the CMA supported that it should have been in the range of the appraisers opinion, you and your clients knew it was overpriced at the time and were okay with the offer, so what has changed for your clients now other than you have confirmation of that fact? I would have advised the buyers that they were entering sketchy waters making an over priced offer if that was the case. If your CMA supported the agreed upon price then you now have to figure out the aftermath, but the seller is still under no obligation to change the price. As someone that represents both buyers and sellers, I feel that it is our job to do the homework a head of time and appropriately advise our clients to prevent these issues from coming in to play. Assuming that you did your homework, unfortunately it can, does, and will happen again that an appraiser gets the value wrong and you end up in a pinch.....remember that it is literally one persons Opinion of Value that holds all the cars in this situation. Dig in to the contract to see what protection your client has, reach out to the lender and ask if there is a appeal or review process for the appraisal(rare but sometimes possible), and see what you can negotiate!

in Realtor Only, 3 years ago

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RE/MAX Elite Properties

14257 FM 2920 Ste 115 , Tomball, TX 77377

David Easterwood with RE/MAX Elite Properties is a real estate professional in TX. View David Easterwood bio, Listings by David Easterwood, Neighborhoods where David Easterwood is active and more. You can contact David Easterwood by phone, email or visit the website.

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