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Updated over 3 years ago,

Bret N.'s profile image
Bret N.'s profile image
Bret N.
  • Real Estate Broker
  • from Woodbridge, VA
  • Member since Feb 25, 2013
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User Stats

179
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33
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Bret N.'s profile image
Bret N.'s profile image
Bret N.
  • Real Estate Broker
  • from Woodbridge, VA
  • Member since Feb 25, 2013
Connect
Bret N.
  • Real Estate Broker
  • Woodbridge, VA
33
Votes |
179
Posts
Tax, SDIRAs & Cost Segregation

Probate Estate Value Of Home Is Higher Than Purchase Price

Bret N.
  • Real Estate Broker
  • Woodbridge, VA
Posted

Will there be any issues if someone purchases a home below what the estate appraiser value home for?

Example- The estate appraiser valued home @ 225,900(which is way high)  but we will purchase the home for 185k(and will probably assign the contract for 215k)

It is said the appraiser must approve the price. I have bought and sold other probates but never encountered this.   Any insights of what to be aware of would be much obliged!

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