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Updated almost 8 years ago on . Most recent reply

User Stats

35
Posts
2
Votes
Debra N.
  • Greensburg, PA
2
Votes |
35
Posts

Ouch- Big Mistake !!! Help

Debra N.
  • Greensburg, PA
Posted

OMG ! I made a very big mistake !

I found this great property, did the comps, everything looks great.
The property owner told me they had an appraisal of $93, and said they would send it to me.
I followed up with them and they said the appraisal was $55 and the tax assessment was $93k
The comps show ARV $110

I was so excited that I sent the info to my small list of investors and 3 of them was ready to grab it.
Now I just had to send them and update about the BIG MISTAKE I made.

This is very embarrassing - what advice do you give me the newbie on this stupid error?

Most Popular Reply

User Stats

595
Posts
344
Votes
Carson Wilcox
  • Davis, CA
344
Votes |
595
Posts
Carson Wilcox
  • Davis, CA
Replied

sharing a mortgage appraisal is not a big deal...  they can vary WILDLY, and I doubt an investor would or wouldnt bet their $ because of it.

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