These past few weeks we have seen a drastic change on what is happening in Real Estate. It is becoming the norm for the home buyer to come in with the difference if the home doesn't appraise for the sales price.

Example:

      Buyer makes an offer for 350k.Appraisal comes in at 325k.So there is a 25k difference.BUYERS ARE NOW WILLING TO COME IN WITH THE DIFFERENCE.

Who are the buyers coming in with the difference?

     Cash buyers and buyers that have extra money to come in with the difference.

What is the effect of this?

      Home values increasing. Based on our experience this means that we are in a transition stage from a decrease in home values TO an increase in home values.