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Updated over 7 years ago on . Most recent reply

John Lee's profile image
John Lee's profile image
John Lee
  • from Tampa, FL
  • Member since Nov 19, 2017

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John Lee's profile image
John Lee's profile image
John Lee
  • from Tampa, FL
  • Member since Nov 19, 2017
John Lee
  • Tampa, FL
12
Votes |
115
Posts
Starting Out

Appraisal come back $400 short

John Lee
  • Tampa, FL
Posted

I'm in a buyer market. Buyer is using VA loan. The appraisal come back $400 short. My agent said it's obligated to lower price in that market and buyer wont ask but they expected me to lower price. I'm already agree to $700 credit on repair plus other repair requested. What is my option other than to lower price?

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Victor N.'s profile image
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Victor N.
  • Investor
  • from Wellington, Kansas
  • Member since Jan 17, 2016

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Victor N.'s profile image
Victor N.'s profile image
Victor N.
  • Investor
  • from Wellington, Kansas
  • Member since Jan 17, 2016
Victor N.
  • Investor
  • Wellington, KS
188
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256
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Victor N.
  • Investor
  • Wellington, KS
Replied
You could walk away and put the property back on the market. Is it worth it? How much is your monthly carrying cost?
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