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andymajumder
ParticipantSD, many thanks. I was curious why you aren’t buying now given where interest rates are . Are putting in low bid offers on some of the properties that you like. If you are not looking at all for buying…why is that.
ParticipantSD, many thanks. I was curious why you aren’t buying now given where interest rates are . Are putting in low bid offers on some of the properties that you like. If you are not looking at all for buying…why is that.
ParticipantSD, many thanks. I was curious why you aren’t buying now given where interest rates are . Are putting in low bid offers on some of the properties that you like. If you are not looking at all for buying…why is that.
ParticipantGuys, I really need some help here. In my case based on some more comps which the seller’s agent had sent the appraiser has increased the value by 25K. Now from being 15K below the purchase agreement price, its 10K above. However, the house measures 200 sqft less than what it was listed for. I spoke to the appraiser a little while back…he is certain that the size of the house is very close to what he measured it as and is not close to what it was listed in the records.
What should I do, I don’t want to and will not pay for the agreed upon purchase price because I am getting 200sqft less than what I thought I was paying for. But, the 17 day contingency period is over, but I haven’t signed for any of the contingency release documents. But, since its already appraised at the purchase price….I maybe forced to sign the appraisal contingency. How can I back out without loosing by 5K earnest money deposit.ParticipantGuys, I really need some help here. In my case based on some more comps which the seller’s agent had sent the appraiser has increased the value by 25K. Now from being 15K below the purchase agreement price, its 10K above. However, the house measures 200 sqft less than what it was listed for. I spoke to the appraiser a little while back…he is certain that the size of the house is very close to what he measured it as and is not close to what it was listed in the records.
What should I do, I don’t want to and will not pay for the agreed upon purchase price because I am getting 200sqft less than what I thought I was paying for. But, the 17 day contingency period is over, but I haven’t signed for any of the contingency release documents. But, since its already appraised at the purchase price….I maybe forced to sign the appraisal contingency. How can I back out without loosing by 5K earnest money deposit.ParticipantGuys, I really need some help here. In my case based on some more comps which the seller’s agent had sent the appraiser has increased the value by 25K. Now from being 15K below the purchase agreement price, its 10K above. However, the house measures 200 sqft less than what it was listed for. I spoke to the appraiser a little while back…he is certain that the size of the house is very close to what he measured it as and is not close to what it was listed in the records.
What should I do, I don’t want to and will not pay for the agreed upon purchase price because I am getting 200sqft less than what I thought I was paying for. But, the 17 day contingency period is over, but I haven’t signed for any of the contingency release documents. But, since its already appraised at the purchase price….I maybe forced to sign the appraisal contingency. How can I back out without loosing by 5K earnest money deposit.ParticipantGuys, I really need some help here. In my case based on some more comps which the seller’s agent had sent the appraiser has increased the value by 25K. Now from being 15K below the purchase agreement price, its 10K above. However, the house measures 200 sqft less than what it was listed for. I spoke to the appraiser a little while back…he is certain that the size of the house is very close to what he measured it as and is not close to what it was listed in the records.
What should I do, I don’t want to and will not pay for the agreed upon purchase price because I am getting 200sqft less than what I thought I was paying for. But, the 17 day contingency period is over, but I haven’t signed for any of the contingency release documents. But, since its already appraised at the purchase price….I maybe forced to sign the appraisal contingency. How can I back out without loosing by 5K earnest money deposit.ParticipantGuys, I really need some help here. In my case based on some more comps which the seller’s agent had sent the appraiser has increased the value by 25K. Now from being 15K below the purchase agreement price, its 10K above. However, the house measures 200 sqft less than what it was listed for. I spoke to the appraiser a little while back…he is certain that the size of the house is very close to what he measured it as and is not close to what it was listed in the records.
What should I do, I don’t want to and will not pay for the agreed upon purchase price because I am getting 200sqft less than what I thought I was paying for. But, the 17 day contingency period is over, but I haven’t signed for any of the contingency release documents. But, since its already appraised at the purchase price….I maybe forced to sign the appraisal contingency. How can I back out without loosing by 5K earnest money deposit.ParticipantNow the property I was trying to buy has been appraised much lower than the purchase price.
Seriously…why aren’t sellers having banks do these appraisals up front and setting more reasonable ask prices, thus saving everyone from hours if not days of wasted time??? The whole painful offer-counteroffer process becomes completely moot when the bank rolls in and values the home at less than even the initial offer.Basically, the square footage of the house was found to 10% less than whats in the tax records and the owners have no idea…..
ParticipantNow the property I was trying to buy has been appraised much lower than the purchase price.
Seriously…why aren’t sellers having banks do these appraisals up front and setting more reasonable ask prices, thus saving everyone from hours if not days of wasted time??? The whole painful offer-counteroffer process becomes completely moot when the bank rolls in and values the home at less than even the initial offer.Basically, the square footage of the house was found to 10% less than whats in the tax records and the owners have no idea…..
ParticipantNow the property I was trying to buy has been appraised much lower than the purchase price.
Seriously…why aren’t sellers having banks do these appraisals up front and setting more reasonable ask prices, thus saving everyone from hours if not days of wasted time??? The whole painful offer-counteroffer process becomes completely moot when the bank rolls in and values the home at less than even the initial offer.Basically, the square footage of the house was found to 10% less than whats in the tax records and the owners have no idea…..
ParticipantNow the property I was trying to buy has been appraised much lower than the purchase price.
Seriously…why aren’t sellers having banks do these appraisals up front and setting more reasonable ask prices, thus saving everyone from hours if not days of wasted time??? The whole painful offer-counteroffer process becomes completely moot when the bank rolls in and values the home at less than even the initial offer.Basically, the square footage of the house was found to 10% less than whats in the tax records and the owners have no idea…..
ParticipantNow the property I was trying to buy has been appraised much lower than the purchase price.
Seriously…why aren’t sellers having banks do these appraisals up front and setting more reasonable ask prices, thus saving everyone from hours if not days of wasted time??? The whole painful offer-counteroffer process becomes completely moot when the bank rolls in and values the home at less than even the initial offer.Basically, the square footage of the house was found to 10% less than whats in the tax records and the owners have no idea…..
ParticipantCan’t believe somebody paid 460K for 1064 sqft with serious issues in that location….and this was in 2007 not even the peak of the bubble.
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