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If you sold or purchased a house in the past 3 months, how close was the appraisal?

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maiden
Whoa!

Member since 5/08

1814 total posts

Name:
T

If you sold or purchased a house in the past 3 months, how close was the appraisal?

We just had an appraisal done on a purchase and the appraisal came in exactly at the selling price. I was surprised it came in exactly the right amount. I'm curious, if you bought or sold a house, how close was the appraisal?

Posted 12/9/10 6:38 PM
 
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JennZ
MY LIFE!!

Member since 8/05

25463 total posts

Name:

Re: If you sold or purchased a house in the past 3 months, how close was the appraisal?

My parents just closed maybe a month and a half ago. Their house came in almost $250,000 more. They got a short sale.

Posted 12/9/10 6:50 PM
 

LL514
LIF Adult

Member since 4/10

1901 total posts

Name:

Re: If you sold or purchased a house in the past 3 months, how close was the appraisal?

ours was 5000 more

Posted 12/9/10 7:03 PM
 

-Lisa-
---------------

Member since 5/05

6530 total posts

Name:
Lisa

Re: If you sold or purchased a house in the past 3 months, how close was the appraisal?

don't be too surprised - the appraiser knows the selling price. Chat Icon

the appraised value should reflect market value for the property - meaning what someone is reasonably willing to pay for it. The sales price is just that! If comps support that value, the appraisers job just got easier.

Posted 12/9/10 7:26 PM
 

BethanyLynn
Love these munchkins

Member since 10/09

6295 total posts

Name:
Bethany

Re: If you sold or purchased a house in the past 3 months, how close was the appraisal?

Appraisal was 7k more than we paid

Posted 12/9/10 8:48 PM
 

CupcakeLady
LIF Toddler

Member since 10/10

423 total posts

Name:

Re: If you sold or purchased a house in the past 3 months, how close was the appraisal?

Appraisal was $10k over what we paid.

Posted 12/10/10 12:14 AM
 

JDubs
different, not less

Member since 7/09

13160 total posts

Name:

Re: If you sold or purchased a house in the past 3 months, how close was the appraisal?

5k more than we paid

Posted 12/10/10 7:31 AM
 

Bearcat
Love my little girls!!! <3

Member since 6/10

10818 total posts

Name:
E

Re: If you sold or purchased a house in the past 3 months, how close was the appraisal?

exactly what we paid

Posted 12/10/10 8:28 AM
 

MarsB
LIF Adult

Member since 11/10

1456 total posts

Name:
Martha

Re: If you sold or purchased a house in the past 3 months, how close was the appraisal?

We closed 2 wks ago and the appraisal was $10k more than we paid.

Posted 12/10/10 12:38 PM
 

PrettyPeonies
GAW my baby boy <3

Member since 8/10

3869 total posts

Name:
Pino

Re: If you sold or purchased a house in the past 3 months, how close was the appraisal?

Posted by JDubs

5k more than we paid



for us too!

Posted 12/10/10 2:18 PM
 

smooney
Hidey Ho!

Member since 2/10

1669 total posts

Name:
.

Re: If you sold or purchased a house in the past 3 months, how close was the appraisal?

we bought in june and the appraisal was only $1k over what we paid. it was listed at $20k over what we agreed on paying though!

Posted 12/10/10 8:15 PM
 

Mrs213
LIF Adult

Member since 2/09

16938 total posts

Name:

Re: If you sold or purchased a house in the past 3 months, how close was the appraisal?

Posted by MrsJFG

Posted by JDubs

5k more than we paid



for us too!



same here

Posted 12/10/10 10:35 PM
 
 
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