- This topic has 40 replies, 6 voices, and was last updated 15 years, 6 months ago by
jimmyle.
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June 5, 2009 at 8:35 AM #15828June 5, 2009 at 9:22 AM #410956
tom
ParticipantWasn’t there a thread earlier this week about doing this on purpose? Outbid everyone, and take the gamble the appraisal comes back low and the bank would rather deal with you than start over with someone else.
… given the craziness (I just saw a property on the market, and by day 3 there were 40 offers).. sure is tempting 😉
June 5, 2009 at 9:22 AM #411442ParticipantWasn’t there a thread earlier this week about doing this on purpose? Outbid everyone, and take the gamble the appraisal comes back low and the bank would rather deal with you than start over with someone else.
… given the craziness (I just saw a property on the market, and by day 3 there were 40 offers).. sure is tempting 😉
June 5, 2009 at 9:22 AM #411506ParticipantWasn’t there a thread earlier this week about doing this on purpose? Outbid everyone, and take the gamble the appraisal comes back low and the bank would rather deal with you than start over with someone else.
… given the craziness (I just saw a property on the market, and by day 3 there were 40 offers).. sure is tempting 😉
June 5, 2009 at 9:22 AM #411196ParticipantWasn’t there a thread earlier this week about doing this on purpose? Outbid everyone, and take the gamble the appraisal comes back low and the bank would rather deal with you than start over with someone else.
… given the craziness (I just saw a property on the market, and by day 3 there were 40 offers).. sure is tempting 😉
June 5, 2009 at 9:22 AM #411658ParticipantWasn’t there a thread earlier this week about doing this on purpose? Outbid everyone, and take the gamble the appraisal comes back low and the bank would rather deal with you than start over with someone else.
… given the craziness (I just saw a property on the market, and by day 3 there were 40 offers).. sure is tempting 😉
June 5, 2009 at 9:25 AM #411663jimmyle
ParticipantThere were over 20 offers for this property too. It was listed for $340K. Initially he offered $380K but the bank told him to offer again. He didn’t want to give a higher offer but the wife loves the house and is tired of house shopping so she made him to raise the offer to $407K.
June 5, 2009 at 9:25 AM #411201ParticipantThere were over 20 offers for this property too. It was listed for $340K. Initially he offered $380K but the bank told him to offer again. He didn’t want to give a higher offer but the wife loves the house and is tired of house shopping so she made him to raise the offer to $407K.
June 5, 2009 at 9:25 AM #411511ParticipantThere were over 20 offers for this property too. It was listed for $340K. Initially he offered $380K but the bank told him to offer again. He didn’t want to give a higher offer but the wife loves the house and is tired of house shopping so she made him to raise the offer to $407K.
June 5, 2009 at 9:25 AM #410961ParticipantThere were over 20 offers for this property too. It was listed for $340K. Initially he offered $380K but the bank told him to offer again. He didn’t want to give a higher offer but the wife loves the house and is tired of house shopping so she made him to raise the offer to $407K.
June 5, 2009 at 9:25 AM #411447ParticipantThere were over 20 offers for this property too. It was listed for $340K. Initially he offered $380K but the bank told him to offer again. He didn’t want to give a higher offer but the wife loves the house and is tired of house shopping so she made him to raise the offer to $407K.
June 5, 2009 at 9:40 AM #411668an
ParticipantSo the bank probably knew the appraised value before they list it. You uncle/aunt just got lucky and not over pay. The $ didn’t come from the sky, it never left their pocket. That’s how I’d look at it. I guess if one really love the house, this would be the strategy to employ then. Be the highest bidder and let the appraiser decide the final selling price.
June 5, 2009 at 9:40 AM #411205ParticipantSo the bank probably knew the appraised value before they list it. You uncle/aunt just got lucky and not over pay. The $ didn’t come from the sky, it never left their pocket. That’s how I’d look at it. I guess if one really love the house, this would be the strategy to employ then. Be the highest bidder and let the appraiser decide the final selling price.
June 5, 2009 at 9:40 AM #411516ParticipantSo the bank probably knew the appraised value before they list it. You uncle/aunt just got lucky and not over pay. The $ didn’t come from the sky, it never left their pocket. That’s how I’d look at it. I guess if one really love the house, this would be the strategy to employ then. Be the highest bidder and let the appraiser decide the final selling price.
June 5, 2009 at 9:40 AM #410966ParticipantSo the bank probably knew the appraised value before they list it. You uncle/aunt just got lucky and not over pay. The $ didn’t come from the sky, it never left their pocket. That’s how I’d look at it. I guess if one really love the house, this would be the strategy to employ then. Be the highest bidder and let the appraiser decide the final selling price.
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