Now having to pull out of a house because the appraisal came in too low to negotiate on and the seller won't move. We have spent months looking for houses with every decent house being snatched up (in the dead of winter) before we can even put in an offer. (We have also had several people let us see houses only to find out that they were under contract so they just wasted our time). For the area, all houses are priced similarly, especially for the size we are looking for. We finally found a house that is updated with all mechanical and cosmetic, the inspections are near perfect but then the VA appraisal killed it. Having seen the prices and condition of many comparable properties (all built around the same time), I am seriously just wanting to give up on finding/buying a house, especially if all the houses in this typical price range are going to be swatted down by VA appraisal. Like if this one did not appraise well then how are the others we have looked at ever going to appraise any better? I get that they do not want you to over-pay for a property but I can guarantee that the comps they pulled (from several months ago) were not updated houses.
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source https://www.reddit.com/r/RealEstate/comments/evx5je/home_buying_frustrations/
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