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Updated almost 7 years ago,

User Stats

104
Posts
9
Votes
Manuel Savorelli
  • South Jersey, NJ
9
Votes |
104
Posts

Turnkey Properties Appraisals

Manuel Savorelli
  • South Jersey, NJ
Posted
Hey board, I'm in the process of purchasing 2 turnkey properties but the appraisals came in on the low side, like $25k below purchase price on each. They're justifying by saying comps used were for non-improved homes while improved homes weren't being sold, therefore couldn't be used as comps. What do you suggest I do without jeopardizing earnest money, etc? Do I have ground to stand on if I try to drop purchase price? TIA

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