[ljinvestor]

I like option 3 because I’ve heard it isn’t as easy to get PMI dropped as one might think. Even if you get PMI taken off in 3-4yrs the payment in option 2 is only $31mo cheaper then option 3.

I would also not personally pay $1500 extra per month to mortgage unless your purchase is way below current market values.

Might be better to put that in savings or emergency fund in case market took another big hit.

[ljinvestor]

I like option 3 because I’ve heard it isn’t as easy to get PMI dropped as one might think. Even if you get PMI taken off in 3-4yrs the payment in option 2 is only $31mo cheaper then option 3.

I would also not personally pay $1500 extra per month to mortgage unless your purchase is way below current market values.

Might be better to put that in savings or emergency fund in case market took another big hit.

[ljinvestor]

The industry could use a breakpoint system though.

I would say that most realtors don’t work any harder to sell $500k property vs $1MM.

[ljinvestor]

The industry could use a breakpoint system though.

I would say that most realtors don’t work any harder to sell $500k property vs $1MM.

[ljinvestor]

The industry could use a breakpoint system though.

I would say that most realtors don’t work any harder to sell $500k property vs $1MM.

[ljinvestor]

The industry could use a breakpoint system though.

I would say that most realtors don’t work any harder to sell $500k property vs $1MM.

[ljinvestor]

The industry could use a breakpoint system though.

I would say that most realtors don’t work any harder to sell $500k property vs $1MM.

[ljinvestor]

Update: The city has decided to lower the initial assessment by $220,000 which is much more reasonable. Its still $130k more than I paid but the purchase appraisal was $70k more than I paid.

Thanks for all the suggestions and EconProf is right that you need to stick to your guns and keep reminding them that it was an open market arms lenght transaction along with a few comps to support.

[ljinvestor]

Update: The city has decided to lower the initial assessment by $220,000 which is much more reasonable. Its still $130k more than I paid but the purchase appraisal was $70k more than I paid.

Thanks for all the suggestions and EconProf is right that you need to stick to your guns and keep reminding them that it was an open market arms lenght transaction along with a few comps to support.

[ljinvestor]

Update: The city has decided to lower the initial assessment by $220,000 which is much more reasonable. Its still $130k more than I paid but the purchase appraisal was $70k more than I paid.

Thanks for all the suggestions and EconProf is right that you need to stick to your guns and keep reminding them that it was an open market arms lenght transaction along with a few comps to support.

[ljinvestor]

Update: The city has decided to lower the initial assessment by $220,000 which is much more reasonable. Its still $130k more than I paid but the purchase appraisal was $70k more than I paid.

Thanks for all the suggestions and EconProf is right that you need to stick to your guns and keep reminding them that it was an open market arms lenght transaction along with a few comps to support.

[ljinvestor]

Update: The city has decided to lower the initial assessment by $220,000 which is much more reasonable. Its still $130k more than I paid but the purchase appraisal was $70k more than I paid.

Thanks for all the suggestions and EconProf is right that you need to stick to your guns and keep reminding them that it was an open market arms lenght transaction along with a few comps to support.

[ljinvestor]

thanks everyone for the input. I will let you know how it goes.

[ljinvestor]

thanks everyone for the input. I will let you know how it goes.

[ljinvestor]

thanks everyone for the input. I will let you know how it goes.

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