Quote:
Originally Posted by Challenger
Depends on the price of the house. Appraisals can easily be +or- 5% and are only an estimate of value at a point in time. If the listing price is $200,000 the variance is only 2 1/2% and is well within acceptable professional standards. So, the choice is yours. If you want the house , use the appraisal to support a reduced offer. If the seller agrees , good for you. If he doesn't you need to decide how much this house means to you and either pay the price or move on.  |
depending on your down payment, if you are getting a mortgage, you may have to pony up more money to get a loan