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Reply to "So many sellers asking WAY ABOVE assessment value, how does that work with getting a morgage?"
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[quote=Anonymous][quote=Anonymous]Appraisal for mortgage purposes is based on comps, not the tax assessment. If the list price is way over the appraisal you might have to make up the difference in cash. [/quote] This. Added context is whenever you see a house sell for significantly over lots of times those buyers have to make up the difference with cash. It’s another piece of the puzzle that makes winning a house so hard around here. [/quote]
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