ADITYA RANE | Software Engineer at Apple December 12, 2016, Aditya was a client of Amar
Amar and Sri helped us get our very first home and boy that was a great experience! They helped us get past the “first time home buying expectations” of everything being new and shiny to actually looking at the potential and real estate value of a house when we were house hunting. Amar was very patient with us and helped us to fully consider all similar options available.
Once we decided to put an offer on this house, Amar and Sri helped us come to a price point which would give us the best chance of acceptance. Amar followed up with the seller agent all along after the offer was submitted. The sellers had some doubts about our financial situation given we had put the best offer possible and had not provided proof of additional funds to cover a situation like a low appraisal. Amar talked the seller’s agent through their doubts and assured them ours was the best and clean offer. Our offer was accepted in the first go! No counter offer, nothing! Amar has quite the negotiation skills!
Well, as the sellers had feared, the appraisal from Bank Of America came in lower by about 40K. Additionally over the same weekend the interest rates on housing loans went up, putting us in a tough spot. If we decided to go with another appraisal with another bank, that would mean getting a higher rate of interest. We did decide to go with Wells Fargo. Our agent was Yogesh Rane, who by the way was amazing as well. He got us an appraisal and loan approval within 4 days! The appraisal came in at 5K above the selling price and we were relieved. Amar used this situation to re-negotiate the price with the sellers, all in the background and brought the selling price down by 20K! Bringing the price down in this hot seller’s market in the bay area is a feat only Amar could have pulled off. By the time we closed, we had already made 25K equity on the house!
While the mortgage application was being processed, Amar was in constant communication and kept all the parties in the loop. Amar coordinated the whole process of escrow and closing.
My wife and I had an amazing buying experience. We would love to work with Amar again if we are back in the market in the future.