All Forum Posts by: Atampreet Singh

@Atampreet Singh given the market is not increasing anymore, what do you have to lose by walking away?

You can check back on the property in a month and it it's still there, make another offer.

REMEMBER - investors make their money when they buy!

Are you willing to come up with the rest of the cash to close on this property? Your lender will not give you a penny more than what it appraised at. 

Good advice here already. We're going to start seeing this a lot over the next year or so. Up until now, appraisals (looking back 6-9 months) have supported prices from 6-9 months ago. Not anymore. 

Pretty soon, 6-9 months ago will reflect last Fall, when interest rates spiked and sales stalled. 

If you're using conventional financing, just switch lenders so you can get a new appraisal