Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
OK so I am not sure if this is an appraisal you did before you listed the home or one that has been done since you have an offer and contract but either way I would at least consider a second one. If the appraiser is refusing to consider other comps that are closer and more recent sales and not even providing a reasonable explaination then I would think they are just being stubborn maybe letting their pride getting in the way of them doing their job. What do you have to lose really? Good luck and I hope it works out for you.
Housing crisis or not, real estate is worth what a "willing and able buyer" will pay for it.
It bugs me when people blame the housin crisis on 1) bad appraisals 2) stupid buyers paying what a home wasn't worth 3) greedy sellers and real estate agents. 36 months ago, buyers were willing and able to pay more for properties. Now, for a variety of reasons, they are not.
It is that simple, what a willing and able buyer will pay.
Housing crisis or not, real estate is worth what a "willing and able buyer" will pay for it.
It bugs me when people blame the housin crisis on 1) bad appraisals 2) stupid buyers paying what a home wasn't worth 3) greedy sellers and real estate agents. 36 months ago, buyers were willing and able to pay more for properties. Now, for a variety of reasons, they are not.
It is that simple, what a willing and able buyer will pay.
Please add one more factor to the equation: and "what the banks are willing to lend".
Please add one more factor to the equation: and "what the banks are willing to lend".
That is inplied in what the buyer is "able" to pay. If the buyer isn't doing 100% cash (and most folks aren't), then their ability is includes their ability to get a loan. Willing and able.
Housing crisis or not, real estate is worth what a "willing and able buyer" will pay for it.
It bugs me when people blame the housin crisis on 1) bad appraisals 2) stupid buyers paying what a home wasn't worth 3) greedy sellers and real estate agents. 36 months ago, buyers were willing and able to pay more for properties. Now, for a variety of reasons, they are not.
It is that simple, what a willing and able buyer will pay.
100% on. Further to your point I' m always amazed with cocktail conversation:"My house is worth 300". Excuse me, maybe it's worth 400 OR maybe it's worth 250.
Another: I'm the buyer. He's the seller."Listen Buddy I guess you just don't know what this house is worth"
Me thinking: I'd dumbing down for you meat head but quite honestly I'm afraid of that Doberman you have sitting in the corner there.
"You're right Sir, I guess I don't know what your house is worth in your mind...see ya later." Next.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
