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HVCC — new challenges in 2009

So far, I haven’t had a deal killed by HVCC complications, but this process was a really bad idea that complicates too many transactions.  Undoubtedly, there were lenders over the past five years or so who knew they could get almost any property appraised for the contract price/LTV.  Now, however, in too many cases, appraisers are being dispatched from very different market areas, to provide appraisals for something like 60% of the “old” appraisal fee (after the AMS gets paid).  Worse, even the good, conscientious appraisers have little or nothing to gain by being responsive to contacts from buyers’ agents.  They’re going to come up on the “AMS rotation” again anyway.  I have been able to work through the “problem” appraisals so far, but it’s only a matter of time ….

About Bill Morris, Realtor

More than thirty years of business experience (high tech, client service, business organization and start-up, including many years in real estate) tell me that service is the key to success and I look forward to serving you. I represent both buyers and sellers throughout the Austin metropolitan area, which means first-hand market knowledge is brought to bear on serving your needs: -- Seller Representation is a comprehensive process that begins with thorough market analysis and consultation, continues with properly staging the home to achieve the highest price possible in a reasonable time on market, a complete program of marketing and promotion, ongoing updates and communication, closing coordination, and follow-up throughout (and after) the sale. -- Buyer Representation is also full service: shopping, previewing, price and market consultation, contracting, negotiating, coordination of inspections, appraisals, repairs, and closing details, and follow-up beyond the closing of your purchase to ensure your lasting satisfaction. Because the real estate industry is becoming more sophisticated and challenging every day, you need a professional that understands the industry and is positioned to stay ahead of the game. I go the extra mile to help you achieve your goals. That's why I constantly research the market and property values so your home is priced effectively from day one. I also make sure the public knows your home is for sale by using innovative advertising and marketing techniques to attract potential buyers.


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