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Old 08-13-2008, 11:02 AM
 
Location: OK
2,717 posts, read 6,299,282 times
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Quote:
Originally Posted by caligurltotx View Post
. What is happening out there is that Appraisers are being very conservative and they are doing something called a “market change adjustment”. [color=black]
That is not an appraiser being conservative. That is an appraiser doing his/her job properly in a declining market.
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Old 08-13-2008, 11:05 AM
 
25,353 posts, read 37,553,445 times
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Why would you pay more than an appraisel after the mortgage mess.....does the person wants to over pay or does he like other peoples property values to go up
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Old 08-13-2008, 11:13 AM
 
Location: OK
2,717 posts, read 6,299,282 times
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Quote:
Originally Posted by bentlebee View Post
Why would you pay more than an appraisel after the mortgage mess.....does the person wants to over pay or does he like other peoples property values to go up
There are people who want a certain property so badly that they are not concerned about market value. Of course, they are prepared to come to the table with cash for either the entire purchase or enough to cover the difference between the purchase price and the mortgaged amount.
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Old 08-13-2008, 12:09 PM
 
25,353 posts, read 37,553,445 times
Reputation: 13273
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Originally Posted by Schousse View Post
There are people who want a certain property so badly that they are not concerned about market value. Of course, they are prepared to come to the table with cash for either the entire purchase or enough to cover the difference between the purchase price and the mortgaged amount.
You must really love the property to do such a thing. I paid all my properties cash and I'm looking for more, but now way I would pay more than it is worth in todays market, but I understand what you are saying.

Probable more people have done that in the past and when the values falls...they shouldn't blame any one else..they chose to buy because of what it was worth to them and not to an appraiser.
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