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with Shannon Biszantz your Real Estate Agent. (619) 417-4655

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I am starting this new category of “in my opinion only” because what I will write under this category will have no factual evidence (unless I cite any) but merely will be a channel to express some of my opinions that are smothered elsewhere.

I recently had a transaction that was in escrow in the $700,000’s price range. The appraisal came in over $100,000 less than the escrow price. The buyer was using Wells Fargo banking services..if you could call it that.

The buyer wanted a discount on the “agreed to price” in escrow. The sellers didn’t feel the price should be adjusted because the buyer clearly wanted the property at the agreed upon price in the beginning. The sellers made a very good point that I do agree with:

THE VALUE OF A HOME IS WHAT A WILLING BUYER WILL PAY FOR IT. NOT WHAT A BANK APPRAISES IT FOR . THE BANK IS APPRAISING THE HOME WITH THE VALUE IN MIND IT IS WILLING TO LEND ON THE PROPERTY.
 
We must keep in mind that banks and appraisers are reacting to the reprimands that have been administered by government for previous lax in lending practices. Now they are over correcting to the conservative amount. This is no more than a reaction from the bank. Now everyone is paying for this by properties not appraising at values a buyer has put them in escrow for!
That sad part of this story is shortly after, two other units sold very quickly for a much higher price. The buyer came back to us and asked to buy the property at the originally agreed upon price after the other two closed. It was too late, the sellers had changed their mind on selling, the buyer didn’t get the property and the agents..including me walked away with nothing after a lot of work.
I don’t think this is what Obama was expecting in the reformation of the lending system.
This is only my opinion…..


Posted by Shannon Biszantz

About Shannon

Shannon Biszantz is a San Diego native from elementary school through university

Rancho Santa Fe Elementary School
Torrey Pines High School
University of San Diego

Shannon graduated with a Business Administration Degree from USD and has spoken in the business department and to the Alumni on Small Business Management, Entrepreneurship and Global Manufacturing and its relation to the U.S. Economy.

In the mid 90’s Shannon started a contract manufacturing company in San Diego servicing the Biotech, Medical Device and Defense Industries. After 10 years of being 1 of only 2 women in California to direct and lead a company in this field, Shannon retired from her position of Vice President of Sales and Marketing to start a more enjoyable career in the real estate sector.

“My personal experience in buying and selling real estate has been financially as well as emotionally rewarding. For years I have contemplated a career in real estate where I could enjoy what I do. My extensive real estate knowledge of San Diego has helped me spot solid investment properties in our area and capitalize on those investments. I look forward to sharing that experience and helping others find their dream home.”

Shannon’s philosophy on servicing your real estate needs:

“My goal is to dedicate myself to representing the interests of my clients in all aspects of the buying and selling process.”

“Buying or selling can often be an emotional process. My mission is to make the transition for you as smooth as possible. If you choose me as your realtor, I will be by your side through all the steps of the buying/selling process. As my client, I will be primarily concerned with representing your needs.”

Shannon Biszantz has lived in La Jolla, Del Mar Heights, Olde Del Mar and now presently lives on the golf course at Morgan Run in Rancho Santa Fe.

Shannon Biszantz’ Social Affiliations:

Morgan Run Country Club (Ladies Golf Club Member and Team Golf Member)

Santa Margarita Woman’s Golf League

Aztec Working Dog Club of Ramona

German Shepherd Club of San Diego

USD Alumni

For more information about the “Biszantz Connection” … please visit “Cobra Farms”
For more information on Shannon’s favorite charity … “Tranquility Farm” … where racehorses have a save place to live the rest of their lives!

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Shannon Biszantz

Shannon Biszantz

Shannon Biszantz reviews

CalBRE #01787015
16236 San Dieguito Road, Suite 4-12,
Rancho Santa Fe, CA 92067

Work Cell: 619-417-4655
Office: 858-755-0075




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