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Updated about 8 years ago, 09/09/2016

Michael Clevenger's profile image
Michael Clevenger's profile image
Michael Clevenger
  • Investor
  • from Arlington, Texas
  • Member since Jun 7, 2016
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User Stats

99
Posts
29
Votes
Michael Clevenger's profile image
Michael Clevenger's profile image
Michael Clevenger
  • Investor
  • from Arlington, Texas
  • Member since Jun 7, 2016
Connect
Michael Clevenger
  • Investor
  • Arlington, TX
29
Votes |
99
Posts
Buying & Selling Real Estate

Appraisal fell short

Michael Clevenger
  • Investor
  • Arlington, TX
Posted

Trying to wrap up my first flip. I've learned a lot throughout the process. My latest lesson regarding the appraisal. 

Turned the house into a beauty. But now my asking price is 30k higher than the appraisal! The buyer's are not able to pay the difference and I can not take the hit. Any advice from BP?

List price: 345,000

Buyer paying list price 345,000

Appraisal: 315,000

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