Quote:
Originally Posted by Hog Farmer
Yes, THis. Don't worry, the appraiser will come in real close to the contract price. I've bought and sold around 30 properties so I know this.
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What type of loan is your buyer using i.e. fha, va, usda or conventional? Each has different guidlines when it pertains to money down and loan to value. If its cash the result will be a simple negotiation to the what your willing to accecpt and what they are willing to pay. I can tell you also that the appraiser doesn't give a shit about what your selling it for and will go strictly from comparably prioperties recently sold within the in a given area. You seriously cannot talk to them about your opinion of the homes value...only suggest or point out other comps you feel are a like property. We have had quite a few come in low lately and it really only boils down to sellers asking way to much. I don't blame anyone for wanting to make a little money but your realtor should be fully aware of what you can realistically expect to get for the home with a compeditve market analysis.