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Updated almost 2 years ago on . Most recent reply

Bradley Taber's profile image
Bradley Taber's profile image
Bradley Taber
  • from Columbus, OH
  • Member since Apr 9, 2020
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Bradley Taber's profile image
Bradley Taber's profile image
Bradley Taber
  • from Columbus, OH
  • Member since Apr 9, 2020
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Bradley Taber
  • Columbus, OH
7
Votes |
9
Posts
Buying & Selling Real Estate

Are current appraisals coming in near sales prive

Bradley Taber
  • Columbus, OH
Posted

We had some realtors tell us that appraisals were coming in 100-150k lower than sales price in Raleigh which is an issue for us with financing.  Is this actually happening?

Raleigh, North Carolina
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Aaron Wilson's profile image
Aaron Wilson's profile image
Aaron Wilson
  • Real Estate Broker
  • from Raleigh, NC
  • Member since May 15, 2016
  • Posts 17
  • Votes 16
  • Experience 5 Yrs
  • Investments 3
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Aaron Wilson's profile image
Aaron Wilson's profile image
Aaron Wilson
  • Real Estate Broker
  • from Raleigh, NC
  • Member since May 15, 2016
  • Posts 17
  • Votes 16
  • Experience 5 Yrs
  • Investments 3
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Aaron Wilson
  • Real Estate Broker
  • Raleigh, NC
16
Votes |
17
Posts
Aaron Wilson
  • Real Estate Broker
  • Raleigh, NC
Replied

I lead a real estate team in the Triangle and we aren't seeing this happening with our transactions. With that being said, we also pull comps before we show a property so any of our financing clients would most likely pass on viewing a home where the list price has little comp support.

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