Real Estate Deal Analysis & Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 7 years ago,
Purchasing Home and Appraisal came under expected value
Hello,
I'm new to BP my name is Paul. I'm in the process of purchasing a home that was on the market for $164,900. I offered $140,000 and they accepted the offer. I just received the appraisal back from the bank and it was appraised at $145,000. This is concerning to me because I was planning to put money into it thinking I had $25,000 of head room. Does anyone have any thoughts? I'm I missing something?
Thank You,