Skip to main content

Waiting on appraisal

So after 2 years my wife and I finally got a big accepted! It’s practically out forever home. 4br/3bth with a loft AND a separate office, screened in pool, and 3 car garage. Square footage comes in at 2996. I’m curious about the appraisal. Our offer was extremely aggressive we felt. 35k over asking + waiving appraisal (after 2 yrs and being beat by numerous cash deals we’d had enough essentially).

List price was 425 so we went 460. Essentially we priced at $153 sq ft. There are bigger homes nearby that have sold for around our price but they lack all the features we wanted be it the pool or 3 car garage or a 4/3 with no office. This just has a great blend of all the features we wanted . The big downside is being just under 3k sq ft where the others that sold for that price were 500-700 sq ft bigger than ours.

Our real estate agent and us agreed to start our bid with 455 then we upped it to 460. I’ve prepared for the appraiser to come in low but now as the the day is head my nervousness is climbing about the potential low. Our current house closes next Tuesday (sold 14k higher than we listed and is cash). If any appraisers can help me thru this it would be great.

P.s. home buying in this market suuucks

submitted by /u/aircrew85
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/sxsp08/waiting_on_appraisal/
Labels:

Comments

Post a Comment

Popular posts from this blog

North Carolina – “One to Buy; Two to Sell”

I realize I will likely have to contact a real estate attorney but also hoping to hear insights and experiences from others! I have a house in NC that I bought by myself in 2009, and paid off, in full, in 2022. I got married in 2023. My spouse and I have not lived in the house as our "marital residence". We have maintained separate residences even after we got married. (That a separate topic!). I am now selling this house. Realtors have told us that my husband has to sign the deed at time of transfer but I am not convinced since the house has not been our marital residence. The realtors like to use the phrase "one to buy; two to sell", which seems like a broad-stroke statement which is not applicable under all circumstances. And of course, the realtors don’t realize the details of my specific circumstances: I purchased and paid for the house in full prior to marriage Only my name is on the deed And most importantly, we have never lived in the house as a marit...
Post a Comment
Read more

Question With Tricon "Pending ID".....

My wife and i, along with 2 other peopl applied to rent a house, and our application says "Approved, Pending ID". Anyone else know what that means? Do we pretty much have the place or are we missing something? submitted by /u/Itskrueger [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1orixqj/question_with_tricon_pending_id/
Post a Comment
Read more

Making offers on houses not listed for sale.

I want to buy a home for retirement. I am looking at lots of options, mostly focusing on the locations that appeal to me. I see lots of Zillow estimates of homes that look like great deals to me. Are these estimates accurate, even though similar houses in the same area that are for sale are usually priced much higher? If so, is it realistic for me to try to make offers to owners that do not have their homes listed? Would a realtor even consider helping me do this? Or, do these values indicate that the houses listed for sale are overpriced, and I should just lowball until someone accepts? Are houses today tending to sell far below list prices, or ??? submitted by /u/chewybrian [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1o4mcon/making_offers_on_houses_not_listed_for_sale/
Post a Comment
Read more