MOST transactions where people think they’re buying below market are actually being purchased AT market price; the purchaser is either valuing the property incorrectly usually because the “comps” they’re using are not being adjusted accurately for difference or because the appraiser’s opinion is just plain incorrect. 3.

When you bought the property you got an appraisal.

Even if you refinance, you have origination costs, appraisals, etc.

They have other nice benefits also such as not charging for appraisals if the deal doesn’t close, a great reputation amongst local listing agents with meeting deadlines/ great customer service/ getting the job done with no b.s. and they can often close in under 14 days. 

So if a property is appraised for 100k your mortgage would be based off that.

Investors may like the income on the spreadsheet, but the appraiser for a traditional loan won't care.

I'm no appraiser but have plenty of fix and flips as well as new construction but IMO, it will be existing home. 

I recommend requesting a review or a new appraisal that compares your property to similar multifamily properties in the area to ensure a more accurate valuation.

1) cannot qualify for traditional financing2) fears appraisal will come in low3) fears buyer will back out so reduces contingency optionsnote for cash purchase I expect a significant discount.  

I’ve been doing well since raising the rent this past May—looking back, I’m glad I made that move, as it’s helped me stay afloat financially.I currently have a few potential buyers who’ve submitted offers around 85-90% of the property’s recent appraisal value.