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/u/ih8plants
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Asking price: $2.7m
Accepted offer: ~$2.5
Appraisal average: ~$3m
Inspections came back fine. Sellers are moving out of the country and needed it sold quickly. Half is cash, other half is financed (never had a mortgage before so this is all new to me).
I've been seeing online that sometimes underwriters will "red flag" sales like this because of a difference in value, is this something I should be concerned about? Trying to ease some anxiety as we head into the long weekend.
Thanks in advance
submitted by /u/ih8plants
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Appraisal came in ~$500k over purchase price
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Accepted offer: ~$2.5
Appraisal average: ~$3m
Inspections came back fine. Sellers are moving out of the country and needed it sold quickly. Half is cash, other half is financed (never had a mortgage before so this is all new to me).
I've been seeing online that sometimes underwriters will "red flag" sales like this because of a difference in value, is this something I should be concerned about? Trying to ease some anxiety as we head into the long weekend.
Thanks in advance
submitted by /u/ih8plants
[link] [comments]
Appraisal came in ~$500k over purchase price
Continue reading...