ST Alpha - "Won't that just keep happening to her? -- nm" (Reading a Post)

SlickerTalk
Search Archives
The Leaderboard
The FAQ

Login
Create Account

Search Dr. S. Talk
TT/ST Wiki
How Well Do You Know ...

RSS Feed

Hosting by DigitalOcean

Support ST on Ko-Fi

Down to Post

Backboards:

Posts: 156

In response to "$40k less, as Spawn said. We told the seller we'd remove conditions if she would drop to appraised value." by Subversive

Won't that just keep happening to her? -- nm

Posted by David (aka David) Aug 3 '09, 11:30

(No message)

Responses:

It might, and we could end up buying the house from her in the future if we don't find something else. - Subversive Aug 3, 11:36
Probably not. Some appraisers just stamp it and move on. Get three of them there and you will have 3 different values. -- nm - James Bond (aka Igor) Aug 3, 11:31 6
- It's also common for people to decide what their house is worth regardless of contrary info and be unwilling to take any less. -- nm - Cuzzin Todd Aug 3, 11:35 3
  - Yes, but arguably whatever the price an independent third party in an arms length transaction is willing to pay is its market value. -- nm - pmb Aug 3, 11:39 1
    - Right, which is why they only use sold comps, not listing comps. - Subversive Aug 3, 11:42
  - Definitely. Of note is that she paid $420k for it at the peak of the boom here in Alberta. - Subversive Aug 3, 11:38
- Not if they know what they are doing. I see it over and over. - Spawn Aug 3, 11:33 1
  - Yep, and the comps all say that this appraiser was right in the ballpark. - Subversive Aug 3, 11:39
Yup. If he was not under a 30 day limit, he could wait her out. -- nm - Spawn Aug 3, 11:30

Post a message top

Replies are disabled on threads older than 7 days.