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Updated over 6 years ago,

User Stats

29
Posts
22
Votes
Matt Humps
  • Rental Property Investor
  • Marietta, GA
22
Votes |
29
Posts

Appraisal - Using previous buyer's

Matt Humps
  • Rental Property Investor
  • Marietta, GA
Posted

Working to purchase a turnkey SFH and going back and forth with seller. Seller had prior buyer lined up but financing fell through. Seller shared appraisal, and based on my revised offer,the appraisal is ~9% higher than where we're at (that appraisal was dated one month ago). Question I have, will that appraisal be valid for my lenders or is it likely lender will require new appraisal? Usually appraisals come in right at or slightly above, but almost 10% seems too good to be true.

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