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All Forum Posts by: Paul McLaughlin

Paul McLaughlin has started 1 posts and replied 2 times.

Real Estate Deal Analysis & Advice

Post: Purchasing Home and Appraisal came under expected value

Paul McLaughlinPosted
  • Momence, IL
  • Posts 2
  • Votes 0

Thank You for the responses it is much appreciated!

0 Votes
Real Estate Deal Analysis & Advice

Post: Purchasing Home and Appraisal came under expected value

Paul McLaughlinPosted
  • Momence, IL
  • Posts 2
  • Votes 0

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,

0 Votes