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9 June 2024 | 10 replies
This will help with your comps knowing that they will eventually be used in your appraisal.
10 June 2024 | 8 replies
The Motivated seller house is valued at 254,000 I offer to am offering to purchase the house at 75% of the appraised value which is $190, 500 and pay closing cost of $ 7620 which is 3%.
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10 June 2024 | 11 replies
I tried to purchase a property and their appraiser seemed to be in bed with them and their criteria for me buying changed constantly.I switched lenders and closed in 2 weeks.
8 June 2024 | 6 replies
I dont understand why it wouldnt be appraised as is?
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11 June 2024 | 116 replies
I have bought plenty of bad deals: I overpaid, rehab ran 30k over budget, appraisal comes back low, contractors from hell, you name it - but real estate has that thing, a few years later it does not even matter anymore, even if you overpaid for the property.Get comfortable not knowing everything before you start.
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10 June 2024 | 7 replies
I am going for a house hack with Fannie & Freddie conventional , After my 4th offer was rejected going over listing I asked the listing agent for some additional info and they stated that for this property there were 42 showings within 4 days. 1 cash offer, 1 commercial, 15 conventional and one FHA with 9 waived inspections, 11 escalation clauses and 5 appraisal gaps.
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9 June 2024 | 8 replies
Gave us written acceptance, went through the appraisal process, but then while rounding 3 base, choked.
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8 June 2024 | 1 reply
Total closing costs with inspections and appraisal costs are +/- $8750.
8 June 2024 | 2 replies
Once the project is complete, you determine market rate and buy out their share.Let's say it cost $60,000 to build the house and it is appraised for $120,000 after you are done (not including the land, which you already own).
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9 June 2024 | 25 replies
I building out a reno team in the area and have a great house in Lawrence that should appraise for $160k and rent for $1,300/mont.