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Updated over 8 years ago on . Most recent reply
Appraisal to Seller?
Would you provide the seller with the appraisal? I know that the seller will want one, but I dont' see how any good can come of it.
Back story: I'm in the process of purchasing some FSBO property. So we've met many times and he has my phone number, etc. He's very anxious and wants everything sped up. Thinks the bank and appraiser are dragging their feet, and so on. Today he calls to vent about it all. After the conversation, I got the appraisal.
The numbers aren't wildly different from what I'm paying, but the appraisal did come in about 7% higher. On a $100k deal, so what. But this is over $500k. Is that enough for him to try and find a way out of the contract? I don't know, but I don't really want to find out.
How would you tell him, nicely, while keeping his temper in check that yes it passed, but can't/won't give the actual numbers?