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re: Appraisal on house

Posted on 11/14/17 at 5:43 pm to
Posted by LPTReb
Member since Jul 2016
469 posts
Posted on 11/14/17 at 5:43 pm to
Why would they know the appraised value? If you are paying for the appraisal, they have no right to any of it, and if my realtor gave them that information without my permission, they would be fired immediately.

After you get an appraisal, make an offer you are comfortable with, and walk if they don’t take it. Don’t get pressured by some agent into paying appraised value if you don’t feel comfortable with that number.
This post was edited on 11/14/17 at 6:11 pm
Posted by ItNeverRains
37069
Member since Oct 2007
25692 posts
Posted on 11/14/17 at 8:35 pm to
quote:

Why would they know the appraised value? If you are paying for the appraisal, they have no right to any of it, and if my realtor gave them that information without my permission, they would be fired immediately.


Not how it works if you make offer contingent on appraisal. If you want to amend a contract based on contingency you have to show deficiency. Using the “I’m for serious dude, it totally appraised for $50,000 less and if you don’t lower price i’m walking from this binding agreement, but I’m not showing you proof” method doesn’t really fly.
This post was edited on 11/14/17 at 8:38 pm
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