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re: House(s) on the market

Posted on 4/27/21 at 4:46 pm to
Posted by Sput
Member since Mar 2020
8064 posts
Posted on 4/27/21 at 4:46 pm to
quote:

Had to pay 11k over asking, no contingencies


How close was the appraisal? Are comp keeping up with skyrocketing prices?
Posted by Serraneaux
South of 30a
Member since Mar 2014
19895 posts
Posted on 4/28/21 at 8:09 am to
Appraisal came back get this...at the offer price. Mine needs work and we are renovating but the value is there because of location and square footage.

Appraisals are keeping up because there are so many people paying cash for places down there that go over asking...once they are closed that’s the new value/comps that the appraisers are now using. Places are going for $650/square foot no problem.
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