You can ask them to meet the appraised price.

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May 3, 2015
5:32:28pm

Ragnar Danneskjold

You can ask them to meet the appraised price.

We once bought a house for over appraised value. We knew the appraisal was jacked up, and we ended up being very right.

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Ragnar Danneskjold

Previous username: CougarSkye
Bio page: Ragnar Danneskjold
Joined: Sep 2, 2011
Last login: May 6, 2024
Total posts: 70,732 (30,775 FO)

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Messages

Author

Time

If your accepted bid on a house turns out to be higher than the appraised value-

JohnnyB

5/3/15 5:30pm

You can ask them to meet the appraised price.

Ragnar Danneskjold

5/3/15 5:32pm

I think anyone can ask as much as they want, and if it appraised at a lower

byu1

5/3/15 5:33pm

a house is worth what someone will pay for it

TonyStark

5/3/15 5:37pm

true, except for the dirty little lending issue

5/3/15 5:42pm

on a purchase transaction, the appraiser gets a copy of the purchase contract.

TonyStark

5/3/15 6:24pm

secret: almost allhomes appraise at lower than the selling price

cougarfann888

5/3/15 5:40pm

Why would there be a non binding bid? Otherwise it's just an offer.

5/3/15 6:03pm

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