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Updated about 9 years ago on . Most recent reply

Howard Maidens's profile image
Howard Maidens's profile image
Howard Maidens
  • from Jenison, Michigan
  • Member since Jan 18, 2016
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Howard Maidens's profile image
Howard Maidens's profile image
Howard Maidens
  • from Jenison, Michigan
  • Member since Jan 18, 2016
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Howard Maidens
  • Jenison, MI
2
Votes |
22
Posts
Buying & Selling Real Estate

Low appraisal

Howard Maidens
  • Jenison, MI
Posted

A few years ago I bought a foreclosure and rehabbed it. A year ago one of my daughters friends got engaged and offered me above market price for it. The catch was they wouldn't qualify for a mortgage until this month. I accepted the offer. The appraisal came in at 12k less than the offer. They are doing FHA mortgage. I have not talked to the buyer yet. Looking for advice from the BP community first on what some of my options might be.

Thanks all.

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