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Updated almost 5 years ago, 03/27/2020

User Stats

12
Posts
1
Votes
Terry Williams
  • San Diego, CA
1
Votes |
12
Posts

Should I pay for appraisal before my offer is accepted

Terry Williams
  • San Diego, CA
Posted

So my original offer on this duplex was accepted at 130k and I paid for a personal inspection ($300) after the report came back. It’s clear that the home isn’t worth 130k so the seller said he will only come down to the official appraisal price. I don’t want to pay exact market value especially at a time like this. This is my first investment I know I will make mistakes but I want to start off in the right direction. Any advice ?

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