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Updated almost 10 years ago on . Most recent reply

Brandon Thomas's profile image
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Brandon Thomas
  • Homeowner
  • from Hesperia, California
  • Member since Aug 17, 2014
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Brandon Thomas's profile image
Brandon Thomas's profile image
Brandon Thomas
  • Homeowner
  • from Hesperia, California
  • Member since Aug 17, 2014
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Brandon Thomas
  • Homeowner
  • Hesperia, CA
0
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8
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Buying & Selling Real Estate

Extremely low appraisal

Brandon Thomas
  • Homeowner
  • Hesperia, CA
Posted

I've been searching and grinding and finally got my first fourplex into escrow. Asking price is 375k and today the dreaded appraisal came in at 300k. How do I tell the seller the property is way over priced when they think it's worth 400k?

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Wes Eaves's profile image
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Wes Eaves
  • Real Estate Broker
  • from Brandon, FL
  • Member since Jan 14, 2008
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Wes Eaves's profile image
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Wes Eaves
  • Real Estate Broker
  • from Brandon, FL
  • Member since Jan 14, 2008
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Wes Eaves
  • Real Estate Broker
  • Brandon, FL
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283
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Wes Eaves
  • Real Estate Broker
  • Brandon, FL
Replied

@Brandon Thomas I would sit down with them and show them the appraisal.  If they are still insistent on the $375k, see if they are interested in seller financing it to you.

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