Home appraisal came in 30k too low. Seller is an investment group. House was on the market 40 days before offer. What's the chance they sell at appraised value?

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If it’s been on the market for 40 days (in a hot market) and the appraisal is $30k under the price, I say offer the appraisal value and and see what happens 🤷🏼‍♂️ You aren’t lowballing them if that’s the appraisal

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Slim-to-none tbh in my experience

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D1 yes. Absolutely. And I am 100% willing to walk if they won't negotiate.

We had ours appraise low too. We were able to negotiate $20k lower but still needed to put in some extra cash.

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That's a long time in today's market. No one can explain the market right now. I would ask them to lower it or you walk.

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Tell them you don't have $1 more. If they want to move the inventory enough, they will sell it to you. If not, it wasn't meant to be.

Might work better in some markets than others

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I understood thatit came in 30K below offer. So not sure how this would work?

Totally depends on the market. About 50% of sales in my area fall through because of this. Perhaps get another appraisal ?

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Just negotiate instead of drop

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I’d say likely. If it didn’t appraise they are going to have the same issue with anyone except a cash buyer. If the property is not in a super hot area (doesn’t sound like it is if it sat for 40 days) then they might negotiate down to appraised value

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You could try again for a more favorable appraisal

Surprise twist seller offered to pay in full for a second appraisal.

Agreed, that is good news right? You get to offer the $30k less that it came in at appraisal. You’re wife will be stoked you’ll be a hero! 😄

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