THE REAL (ESTATE) STORY By Larry Underhill TWO OF OUR LISTINGS into escrow over the weekend! One for Partner Angel McGregor, one for our own John DuBois! This is a pure Seller's Market. FIFTY VISITORS to John's Open House last Saturday. Three offers. The Sellers accepted an offer WAY over the list price, a number far above the value comparable sales indicate. However, the Buyers also agreed to pay a substantial amount above appraised price if the appraisal comes in low. APPRAISERS have a thankless task in a rapidly rising market. The comparables they use to establish value are all PAST sales. They're "lookin' in the rearview mirror". Granted, they have some latitude, but it's a tough gig. Hence the necessity for Buyers to pull out all the stops. Crazy market. ANGEL'S UPSCALE condo sale showcases another challenge of today's real estate climate. Condos and PUD's (Planned Unit Developments) with Homeowner's Associations have their own special set of challenges. Questions? Give us a call! WATCH THIS SPACE! More great listings coming soon. Entry-level homes. Upscale homes! Country properties. We love our work! THANK YOU to our friends who entrust THEIR friends and family to our care. We take your trust seriously! BLOSSOMS ARE BUSTIN' OUT all over! February in Lodi. I almost feel guilty sharing Spring-like photos with my East Coast and Midwest Realtor friends. Almost! Have a great week! Get out and enjoy the weather! Take a hike. THE STATESMAN kW TEAM License 00858988 209-333-2380 CAL BRE LICENSE NUMBER 01907539 www.TheStatesmanTeam.com THE REAL (ESTATE) STORY By Larry Underhill TWO OF OUR LISTINGS into escrow over the weekend! One for Partner Angel McGregor, one for our own John DuBois! This is a pure Seller's Market. FIFTY VISITORS to John's Open House last Saturday. Three offers. The Sellers accepted an offer WAY over the list price, a number far above the value comparable sales indicate. However, the Buyers also agreed to pay a substantial amount above appraised price if the appraisal comes in low. APPRAISERS have a thankless task in a rapidly rising market. The comparables they use to establish value are all PAST sales. They're "lookin' in the rearview mirror". Granted, they have some latitude, but it's a tough gig. Hence the necessity for Buyers to pull out all the stops. Crazy market. ANGEL'S UPSCALE condo sale showcases another challenge of today's real estate climate. Condos and PUD's (Planned Unit Developments) with Homeowner's Associations have their own special set of challenges. Questions? Give us a call! WATCH THIS SPACE! More great listings coming soon. Entry-level homes. Upscale homes! Country properties. We love our work! THANK YOU to our friends who entrust THEIR friends and family to our care. We take your trust seriously! BLOSSOMS ARE BUSTIN' OUT all over! February in Lodi. I almost feel guilty sharing Spring-like photos with my East Coast and Midwest Realtor friends. Almost! Have a great week! Get out and enjoy the weather! Take a hike. THE STATESMAN kW TEAM License 00858988 209-333-2380 CAL BRE LICENSE NUMBER 01907539 www.TheStatesmanTeam.com