Reply to Anybody bought at house without an appraisal contingency?

Forum Index » Off-Topic

Reply to "Anybody bought at house without an appraisal contingency?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]OP Here:  Yes, we do have the cash to make up the difference if the house doesn't appraise, but I am worried about paying over the value.  My agent has suggested that we are in a rising market (North Arlington) and that appraisals can 'lag', but I'm not so sure.[/quote]

I wouldn't listen to your agent on this--if anything, talk to the appraiser and find out specifically what it was that kept the house from appraising to value--it might be something easily remedied.  Our house was close but didn't appraise, but we felt better after talking to the appraiser who said it was a very difficult appraisal and that doing the updates that we were already planning would definitely be worth it.   Our house also has some aspects that are going to be valuable to some buyers and not others (view, larger backyard than most homes in our neighborhood), so we know that down the road it might take a little while to find a buyer who values those things and is willing to pay.

But agents are only concerned about making the sell, period.  They are not your friends.  Don't let the agent gloss over something important like this.  [/quote]

OP Again.  I don't think that we can get an appraisal done before we have to make this decision, especially since we already have an offer in and are just considering modifying it because we want to be more competitive.  [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics