Larry Ellis

Realtor's---Are you frustrated by the bank taking too long to make a decision on a short sale? Do you think that you would close more sales if you could cut down the time a bank takes to make a decision on an offer you have submitted?

On average a bank's decision time is cut in half when an offer is accompanied by a certified real estate appraisal. At this point when an offer is submitted, the bank may be relying on a BPO or a few BPO's to estimate the value of that property. A BPO is a Broker Price Opinion, which is not nearly as accurate or reliable as a certified appraisal.

When a bank receives an offer accompanied by a certified appraisal, they have a better idea of what the property is currently worth and is makes their decision easier, thereby reducing the amount of time spent making the decision to accept or deny the offer. Although for some it may seem like a unnecessary expense to order and pay the extra expense of an appraisal, wouldn't it be worth it if that offer was accepted in half the time, and you could potentially close twice as many deals.

If you are in New York and want to order an appraisal for this purpose go to Long Island Real Estate Appraisal ask for Larry and I will offer a reduced fee.

New York Real Estate Appraisal