Here I come southern California

[Anthony Delgado]

My name is Anthony, soon to be divorced Dad who is tired of just getting by in a 9 to 5 job. I'm ready and willing to learn how to flip homes from the ground up. No more excuses for this guy and I'm not afraid to fail until I succeed in this business.  

My only experience in real estate is purchasing my first home in the 92301 area with a fha loan in 2008. Currently my home is in escrow and just learn the hard way of properly listing the home at market value. The appraisal came in at $26k under the accepted listing price. Furious about the low appraisal but thanks to house flipping hq I understand I can stay mad or learn from it. And believe me I'm learning the market value the hard way. 

Looking forward to hear and learn from you all. 

[Aaron Mazzrillo]

"I understand I can stay mad or learn from it" Talk about crappy business advice. In what business model does it make financial sense to accept the victim mentality?

You can fight the lowball appraisal... IF you have comps to justify the price. Time to put together a rebuttal. First thing you need to do is contact your listing broker and get him/her to pull comps that actually justify your sales price and send those over to the lender. If you had multiple offers above appraised value you can use those as well to show demand. You might not get full accepted offer price, but maybe you split the difference and get half back. That's only $13K the advice you're currently getting is costing you. Hope it is worth it.

I just went through the same situation. Accepted offer was $210K. Appraisal was $193K. We put together a strong rebuttal and closed the deal at $200K.