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Originally Posted by JeanieK When you've bought and sold enough houses, you learn the rules of the game.
An appraisal is just an educated guess. And two different appraisers can come up with very different figures. It's just a number that the banks need, other than that it just puts you in the ball park.
Basically a house is worth what a person is willing to pay for it. There is no scientific way to figure it. |
I think I STILL would have used this to my advantage and felt out if the buyers would have matched the appraisel. I also think their agent should have discussed options with them... WHICH SHE MAY WELL HAVE.
Personally I have been known to overpay for a house or two in my time...JUST BECAUSE I LIKED IT
Yo know.. Like the darned one I'm sitting in NOW...LOL I paid for a VIEW... which is worth ZILCH on paper.
