Another Busy Week
It has been a busy week here at MagnumOne Realty. We have been working with a nice combination of buyers and sellers and making good progress on some of our short sales. For me having a few new buyers has been a breath of fresh air and we have been enjoying looking at homes in Rocklin, Roseville, Folsom and Fairoaks.
On the short sale front, we had two approvals this week and several milestones such as valuations completed, negotiator approvals that have now been sent to management or investors for their approval and unfortunately a bad appraisal which is delaying the close of a short sale in Rocklin.
Buyers and buyer’s agents, please make sure your lenders are using local appraisers who understand our Sacramento real estate market and are experienced in doing purchase contract appraisals. The issue I mentioned above centers around an Internet based lender who hired an appraiser who did not have a good grasp of the local market and because it was being done for an FHA loan it could not be done by another more experienced agent.
Okay, it is Friday and I will cut my rant short! Have a great weekend.