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BigB
C & J are 10!
Member since 6/05 5914 total posts
Name:
Stacey
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Will the home appraise?
We found a house that we just love. When doing some research, the home was last sold, last summer for 288,400....Now the ask price is 469,000. There was work done in the house. I am worried that the house won't appraise for the price and with the new rules, I am even more confused!
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Posted 12/12/10 10:08 AM  |
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Prudential Douglas Elliman Real Estate
Long Island's Largest Bridal Resource | Long Island Weddings |
Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: Will the home appraise?
This is where having a buyers agent really comes into play
This is part of the info I provide to my clients - something you can't really get from the listing agent
Do you have an agent? You are the one bringing the money- and a lot of it at that- you really need someone looking out for your best interest.
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| Posted 12/12/10 7:47 PM |
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LDrinkh20
LIF Adult
Member since 9/09 1820 total posts
Name:
Lauren
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Re: Will the home appraise?
Posted by Beth
This is where having a buyers agent really comes into play
This is part of the info I provide to my clients - something you can't really get from the listing agent
Do you have an agent? You are the one bringing the money- and a lot of it at that- you really need someone looking out for your best interest.
TOTALLY agree! Get a buyer's agent for sure. They can show you comparable sales and even go to the appraisal with those comps to help out!
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| Posted 12/12/10 7:56 PM |
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HeatherRose
Life is Good :)
Member since 11/07 6605 total posts
Name:
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Re: Will the home appraise?
ITA with Beth. you need an agent to help you with this part. they can find out a lot more info then you can.
It could be a flip. we looked at and actually tried to buy one. it sold for 198k 6 months prior and they were sellingit for 399. turns out they did all the work themselves and the elctrical was done all wrong. the house was a huge hazzard. we walked away.
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| Posted 12/13/10 1:33 PM |
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