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Sage Realty Explains how the Gap in Home Sellers’ Assessments of Home Value to Appraiser Evaluations Affect Buyers Looking for Main Line Homes for Sale

PR- Main Line homes for sale - Sage Realty - May 2016May 15, 2016 – Philadelphia, PA – Sage Realty, professional buyer agents of Main Line-area homes for sale, discusses the gap that exists between appraiser evaluations of property and the amount that homeowners perceive to be the value of their home.  Sage Realty can help ensure buyers and banks are both pleased with the price of a home sale.  Utilizing Sage Realty can greatly improve the home-buying experience, as well as helping ensure the sale goes through.

According to data from Quicken Loans, one of the nation’s top mortgage lenders, the gap between home-seller perceptions of their home’s value and its real-world market value has been growing. Over the past month, the gap has closed slightly but on average, the homeowners are over-valuing their homes by nearly 2 percent.  In the Philadelphia area the disparity was 3.46% in April. These inflated evaluations can lead to prices which create difficulties in securing mortgages, as lenders will often refuse to sign off on loans which are significantly higher than the actual market value of the home.

Bob Walters, Chief Economist of Quicken Loans sees the current national average as healthy and appraisals close enough in most cases that home purchases would be able to proceed. Philadelphia’s average, however, is on the higher end of the gap so buyers should be informed about local values when beginning their home search.

As a specialized buyer agent, Sage Realty has the resources necessary to obtain independent estimates and demonstrate, conclusively, when a home is being over-valued by the seller.  Further, their extensive experience with real-estate legal issues gives them negotiating power to ensure the home is sold at its proper value.

When the negotiated price matches the real-world value, it becomes far more certain a mortgage lender can be found to back the deal.  Otherwise, there is a higher risk of having the mortgage rejected and seeing the entire deal fall through.

A smart home buyer wants an agent on his or her side, fighting to ensure they get their dream home at the right price.  The professionals at Sage Realty provide these services.

About Sage Realty LLC

Founded by Linda Walters, a former real estate attorney with thorough knowledge of the entire home-buying process, Sage Realty is devoted to giving buyers true agency when investigating homes for sale in the Main Line Philadelphia area.

For information or press inquiries, contact Sage Realty at (610) 687-4000 or visit www.findahomeinpa.com.

Featured Testimonial

I moved to PA from Washington State and learned that realty is local. There were things that I thought I knew about buying a house previously but boy was I wrong. Linda was very patient with me but also did not hold back when she saw potential problems, and always made sure I had all the information I needed before making a decision and didn’t belittle concerns to just get a sale. Above all else, and this was the most important thing to me, Linda has a high ethical standard, is very transparent in her approach and is someone I trusted making one of the biggest decisions of my life. – A. Lindsay (Courtesy of Google)

 

Hear From Our Clients

  • "We were so pleased that a co-worker recommended someone in the area that she trusted. Boy, did we strike gold on all counts. You are amazing!"
  • "Instead of trying to take advantage of conflicts of interest, she puts the client's interests first."
  • "Linda is a hardworking, proactive and knowledgeable realtor. Throughout the process of finding and buying our new home, she was always responsive and kept us up to date on every detail."
  • "Linda and the group at Sage are the right fit. You won’t find more knowledgeable, prepared and professional agents."
  • "Linda and Tracey really know the Main Line area."
  • "Throughout the entire process we never doubted that she always had our best interests in mind. We wouldn’t consider anyone else when buying a home on the Main Line."
  • "From start to finish, Linda brought to bear a most helpful combination of experience, knowledge, attention and integrity on a somewhat complicated transaction. There was never any doubt that she represented our interests."
  • "Her knowledge of the area helped us quickly narrow our search and ultimately scored us an amazing home in an incredible neighborhood."
  • "It is hard to trust when you are not sure of the rules of the game. Working with Linda made us feel like we were family. Linda took her time to relay and explain everything in detail."
  • "Linda’s honesty and real estate savviness made for a wonderful home buying experience!"

Read more about what our clients have to say

Hear from our Clients

  • "We were so pleased that a co-worker recommended someone in the area that she trusted. Boy, did we strike gold on all counts. You are amazing!"
  • "Instead of trying to take advantage of conflicts of interest, she puts the client's interests first."
  • "Linda is a hardworking, proactive and knowledgeable realtor. Throughout the process of finding and buying our new home, she was always responsive and kept us up to date on every detail."
  • "Linda and the group at Sage are the right fit. You won’t find more knowledgeable, prepared and professional agents."
  • "Linda and Tracey really know the Main Line area."
  • "Throughout the entire process we never doubted that she always had our best interests in mind. We wouldn’t consider anyone else when buying a home on the Main Line."
  • "From start to finish, Linda brought to bear a most helpful combination of experience, knowledge, attention and integrity on a somewhat complicated transaction. There was never any doubt that she represented our interests."
  • "Her knowledge of the area helped us quickly narrow our search and ultimately scored us an amazing home in an incredible neighborhood."
  • "It is hard to trust when you are not sure of the rules of the game. Working with Linda made us feel like we were family. Linda took her time to relay and explain everything in detail."
  • "Linda’s honesty and real estate savviness made for a wonderful home buying experience!"

Read more about what our clients have to say

Sage Buyer Tips

Use Sage Buyer Tips to research the Main Line and stay up to date on real estate news. This online destination is chock full of resources for buyers and sellers: you can see our Main Line communities or explore Sage favorite places. Browse properties here and search other Main Line real estate. With Sage’s advice and experience, first-time buyers and those looking to upgrade can find homes best suited to their needs.