There are always exceptions, such as you added a lot of value to your property, rented it up, or went from unstable to stabilized very quickly.

Seattle condos are considered somewhat unstable by a lot of the real estate people I know around here.

If I knew when some unstable mail delivery guy was going to go postal at McDonalds, I would pack my lunch that day.

I use to say that I have never put earnest money on a non-listed property, but about a month ago I gave $30 earnest money to a seller who was half crazy and very unstable, and I didn't want to mess with it.I'll speak for Texas because its the only state I've bought property in, but you do NOT have to put up earnest money to make a contract valid in Texas.

But because of the location the value of the land is very unstable, based on the demand for that location.If you look at the tax records of the property it will usually tell you what the improvement value to land value ratio is.

If the foundation is not solid it can be disastrous for the house.Breaking even on that house with an unstable foundation I think will be tough.

Prices are so unstable though generally going down, rents are going down, and vacancies are going up.

I'd be more worried about the unstable foundation than the bad appraisal.

I would also be concerned if the more experienced commercial folks on here felt that the market was unstable right now and it might be better to wait 6-12 months.

First, I doubt you are going to see the mentally unstable anger from the right like we have seen from the left over the last eight years.