Hi Everyone!
My Name is Des, and I'm fairly new to Real Estate and plan on Learning my way to becoming a successful REI :)
Well here's my story...
My friend & I are purchasing a single - family home under an FHA loan
We only qualified for a 200k together. (Wish it was more lol) but I did all the work o needed to fix my credit and an boost my score up from bad to fair (almost to 700)and I'm still working on it!
But we came together so we don't pay other people's pockets but that we invest into a home we pay for ourselves and own, instead of renting. And from here on out - we plan to continue to keep purchasing apts, condos, townhouse, etc. we're very much excited!
Well we found the home we are already under contract with for 200k (our max loan amount)
The asking price originally was 194k - but when we went with our realtor who told us to put in our offer at max 200k , even though there weren't other offers to that home - we really wanted this home so we did.
Anyways , AFTER THE FACT we kept putting our heads in the books and reading an getting more knowledge to walk us through our experience - we LEARNED to find a realtor who ONLY works with buyers and we learned to Not put a high offer on a property that doesn't have much offers on it 😧 because we pay what we negotiate .. So through all this were waiting for the appraisal that just came in this morning-
"AS IS" 200k 😁
we were hoping between 185-195 because other houses that had sold for that in that area
We wanted to save a few thousand instead of maxing out.
But the info the appraiser referenced - he did comparisons of other homes for 200k - but I don't know if that what they were asking or of they sold on the market for that.
My question is - (sorry so long) CAN WE GET A 2nd Appraisal???
