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Reply to "Would you pay over comps?"
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[quote=Anonymous][quote=Anonymous]prices are going up 1-3% a month, go for it with an appraisal contingency, if it doesn't appraise you can adjust the price[/quote] What if the seller does not agree to lower the price to the appraised amount? You then either have to buy the house and pay the difference between the sale price or appraised amount in cash or the seller can void the contract which might be worthwhile in a rising market. If you want the house you have to be prepared to pay above the appraised amount. [/quote]
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