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Use cash
Coach
How much are you asking for? Surely if you’re looking for a <$300k mortgage and it appraises at $600k they wouldn’t hold up the deal?
Yeah, this doesn’t make sense. And what are “your estimates”? Your estimates of what??
Subject Expert
Lenders appraise on the current state. Your ARV doesn’t matter until it’s actually repaired and re-appraised
Subject Expert
Appraisals are nearly impossible to challenge or change. You will likely need to find a new lender and different appraisal (which may not be an option if you’ve already pushed closing once), or bring cash to the table to close.
I hope you knew the risk of this going into the deal and left the appropriate contingencies in place…
Unclear what you posted. Shouldn’t be the other way around?