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Appraisal Gap: Bridging Value Shortfalls

Hello,

Are you a home buyer eager to make a competitive offer on your dream home but concerned about the possibility of an appraisal gap? An appraisal shortfall, where the property's appraised value is lower than your offer, can potentially increase the cash needed to close the deal. Wade Betz, a mortgage broker at Mpire Financial, offers a strategic solution to help you confidently navigate this challenge.

Wade has developed a proactive approach to managing situations where the property's appraisal does not meet the contract price. His strategy is invaluable as it helps maintain your initial interest rate, keeps monthly payments within your budget, and minimizes the extra cash required at closing.

Here's how Wade and his team can help manage potential appraisal gaps throughout your home-buying journey:

Initial Consultation Stage: Wade uses this opportunity to highlight his problem-solving skills and the advantages of working with him. He sets clear expectations by discussing the possibility of an appraisal gap, showcases his expertise in handling such issues, and builds trust.

Offer Stage: When you make an offer, particularly with a higher down payment, Wade's strategy reassures both the seller and their agent. It signals that you are financially prepared to purchase the home and ready to address any discrepancies between the offer price and the appraised value. This reassurance can make your offer more appealing by reducing the risk of financing issues disrupting the sale.

Post-Appraisal Stage: Should an appraisal gap occur, Wade and his team are equipped to act swiftly to keep the escrow intact and the transaction on track. This quick response ensures that all parties remain engaged and committed to closing.

Wade Betz's approach not only assists buyers in overcoming financial obstacles but also strengthens the transaction, making it more robust against common real estate challenges. Wade delivers a comprehensive service that benefits everyone involved by incorporating this strategy into pre-offer consultations, negotiation tactics, and post-appraisal solutions.

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Reviews

"10/10 service!!!! Wade and his team went above and beyond to make sure we closed on our home. With a few hiccups and hurdles in the last hour they did navigate each step efficiently. I would definitely recommend them to assist with anyone looking to obtain a loan. Thank you 👍🏼"

camellia valenciano

"Wonderful"

cynthia green

"In 2015 Wade and his team helped us get into our first home, fast forward 8 years things have changed and due to a divorce hard decisions had to be made concerning the ownership of the house. From the beginning, even though we’ve never met in person Wade and team has given me solid advice over the phone, through annual check in’s and monthly words of inspiration through emails. But the one thing that has stuck with me and I have begun using it in everyday life is when he recently told me. “I am going to tell you what you NEED to hear, not what you WANT to hear.” Going through a divorce isn’t easy but sometimes you need someone like Wade to guide you and even though this time he was not our broker he will always be there to tell me what I need when it comes to his expertise. This make’s me feel like I am a forever client of his and you can’t go wrong with Wade Betz and team. I move into my new house today and with his words of wisdom I feel like I’m “Winning!” Thank you, Wade and team."

adriana hernandez

"This Team of friendly, knowledgeable and very patient professionals will make your dreams of owning your OWN Home come true I am a Veteran and was so relieved to know that The Wade Betz Team has expertise in dealing with VA loans. And another bonus they worked with me to figure out a financial plan to pay off my debt. And when I moved into my brand new built home that already has 40 K in equity I was debt-free only Mortgage and utilities! I know the homebuying process can be up and down but this team was always available for me to call and ask questions they were all friendly and patient with me even though maybe sometimes I could be over bearing…This is my fourth house I have bought and one of the easiest transactions in the best transactions I have had. I was almost sad when I finally signed at the title company because I felt I was no longer going to call or talk to the Wade Betz team . But they assured me that they were always there for me with anything that I needed and I feel like they have kept their promise. I also would like to add that Wade Betz does a lot for the Veteran community and I so appreciate that. Honestly don’t be afraid to pick up the phone and give this team a call with any question that you have it’s not like there after your money they really genuinely care about people‘s quality of life and getting you the best mortgage for your home. Home ownership is awesome it is your bank account and I believe it is a crime for people to rent. The possibilities are endless for anybody☺️"

melanie wheeler

"We refinanced our house, which normally would be a confusing and bureaucratic process. However, we had a great experience with Wade and his team. They were very responsive answering our questions and they helped us quickly navigate all the requirements. I highly recommend Wade."

chris beauregard

"Wade and his team’s service was second to none. His focus to detail and follow through during the home closing process made our lives much easier. I look forward to working with Wade and team in the future and would recommend his group to anyone looking for a great mortgage broker!"

benjamin lessner

"I appreciate Wade’s team. We went through multiple deals that fell through. His team kept fighting for us. Finally we were able close, even with details in the air up until the ink was on the paper."

paul brawner

"Wade and his team were on top of everything from pre-approval to closing. As a first time home buyer I didn't have to worry about anything and any questions I had were answered promptly."

adrian kotey

"Wade and his incredible Team did it again!!! Wade has been my mortgage broker for years. He has always helped me achieve my financial goals with my best interest at heart. Even with higher interest rates! Thank you Wade!"

michael lieberman