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The seller is Robert Sarver, managing partner of Suns Legacy Holdings , which owns the Phoenix Suns and Mercury. He was a backup point guard from 1998-2002 and won a national championship. The deal gave the combined company a valuation of $16.1 The executive acquired both teams in 2004. The executive joined UWM in 2003.
This left the appraiser wide-open to being a target of “a series of errors” that affected the credibility of the valuation results. Between 2002-2005 in many markets, the real estate market was scorching, much like it is today. We are seeing that as a profession again. Is this any different than last time? How do we combat this?
One tool I used for a time to level this playing field was seller-funded down payment assistance. In 2002, to protect lenders, I cofounded and organized an industry association called HAND, whose mission was to educate the mortgage industry on the proper utilization of seller funded DPA, and to curb risky practices.
Keep them up to date in every step of the report so that they can keep the Lender (and the Buyer/Seller/Realtor/Closing Attorneys when applicable) all in the loop on the progress of the report. It ruled that the lender did not owe the borrower a legal duty to assure that the independent appraiser’s valuation was correct.
Houston Home Seller Resources. Full Houston Home Seller Guide. Free Home Valuation. Get A FREE Home Valuation Enter your email to receive a free, easy to read seller's guide on how to sell your house in the shortest time for the most money. 9 Mistakes To Avoid When Selling Your Houston Home. Get PDF Now.
The demand is higher and there are good deals to be made both for sellers and buyers of farm and ranch-style homes. Get A FREE Home Valuation Enter your email to receive a free, easy to read seller's guide on how to sell your house in the shortest time for the most money. " – Christian (Google Review). Get PDF Now.
Dear Sellers, the housing market misses you It’s tough to value properties today! In valuation we can either go out further in distance for comps or go back in time in the immediate neighborhood. percent, the highest rate since 2002. To read more, click here My comments: Good comments. Why are appraisers using older sales?
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