Originally posted by linkybo: I have an agreement signed by both the seller and myself stating the selling price is $259 and an email from my agent saying "the seller has accepted our counter offer of 259k."
If you have a signed contract for $259 then I don't understand where the confusion comes in.
Also, if the house is coming in that much under appraisal then she'll never be able to sell the place. Unless an insane person comes along and pays the difference she might as well lower the price or just forget selling till the market turns around in a few years ( or decades depending on who you listen to).
~Jean~ in garden zone 6b
Posts: 5663 | Location: WV... no jokes please, I've heard them all, trust me. | Registered: Oct 28, 2004
Thanks for posting back, linky. Hmmm, so someone came along and paid full listing price ($262K) vs your offer of $259K where the appraisal was some 20K or more less than your offer? Either someone is a fool or the appraisal was way off? What do you think?
Originally posted by My dog: linky, that has to be one of the weirdest situations ever. Who in their right mind would pay list price when the appraisal came in so much lower?
Some things just aren't meant to be and usually for a good reason. You may look back in a couple of months and thank G*d that you didn't buy that condo.
Have you found something else?
I'm not positive, but I don't think they have to share appraisal info. From how I read some of the OP's earlier posts - the appraisal really wasn't that far off from the comps, the agents over valued the renovations. The only way this would fly was a cash offer without it having to appraise.