secret: almost allhomes appraise at lower than the selling price

Sign up, and CougarBoard will remember which categories you want to view. Sign up

Report problem with this ad

May 3, 2015
5:40:37pm

cougarfann888

secret: almost allhomes appraise at lower than the selling price

If you are talking about the appraisal for mortgage purposes . It's a joke the appraiser basically looks at the bid and takes some off so the bank is happy to finance it. The house is worth what someone will pay for it not what an appraiser says. Appraisals are the most unscientific calculation there is

This message has been modified

Originally posted on May 3, 2015 at 5:40:37pm

Message modified by cougarfann888 on May 3, 2015 at 5:43:42pm

Report problem with this ad

cougarfann888

Bio page: cougarfann888
Joined: Oct 10, 2010
Last login: Apr 19, 2024
Total posts: 27,437 (83 FO)

Report problem with this ad

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

Report problem with this ad

Posting on CougarBoard

In order to post, you will need to either sign up or log in.

Report problem with this ad