when we purchased our home in the villages a few years ago, we were informed by the villages sales pro that we will be hard pressed to get a typical bank appraiser to appraise our new home. He strongly suggested that we use the villages owned mortgage company. we informed him the villages mortgage company does NOT have competitive rates and we were going outside the villagesowned companys to obtain a mortgage.
once again he explained that my bank appraisal would be not impossible, but highly unlikey for my mortgage to go to underwriting/closing within the 30 days to obtain the asking price of the home. Thus the price of the home would go up for eveyday it did not close and if i remember correctly it was about 3k for a 2 week addition for mortgage completion.
so.....he specifically said, your bank appraiser would not appraise the new home and it would take time for the VLS to convince my banks appraiser into seeing the villages price point...
needless to say, we went with a resale and did not pay a dime over the appraisal....as it should be.
ps......appraisals do not include furniture......appliances yes....furniture no.....
i'm not making this stuff up....that was reality.....
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