Appraisal came in ~$500k over purchase price

 In RealEstate

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
[link] [comments]

Recent Posts