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re: Are houses appraising in accordance with the inflated sales price?
Posted on 7/27/21 at 2:54 pm to Chef Curry
Posted on 7/27/21 at 2:54 pm to Chef Curry
In Houston, lots are not appraising for the sales price. I have heard that people send letters with their offer agreeing to pay the difference in cash if it doesn't appraise high enough to cover their loan. Places here have been selling for $30-50k over asking price with 20 offers coming in.
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