So after 6 or so months looking and losing several offers, it seems pretty evident that we are just going to have to bite the bullet and go at least $15k over asking to have a shot at any of the homes we are trying to get here in Houston.
I'm ok with that so long as the appraiser will back us up. It seems appraisal addendums are standard now to get accepted and I don't want to be stuck with having to pay an extra $20k at closing because the appraisal stayed around the asking price. What are you guys seeing with homes that sell for way over asking. Are the appraisals coming in for about what they paid usually?
I noticed a house we lost our bid on yesterday is now relisted for 20k over today, but they told our agent they already accepted an offer yesterday. So are they relisting at the price they sold at so that the appraiser can put that as the listing price?
I'm ok with that so long as the appraiser will back us up. It seems appraisal addendums are standard now to get accepted and I don't want to be stuck with having to pay an extra $20k at closing because the appraisal stayed around the asking price. What are you guys seeing with homes that sell for way over asking. Are the appraisals coming in for about what they paid usually?
I noticed a house we lost our bid on yesterday is now relisted for 20k over today, but they told our agent they already accepted an offer yesterday. So are they relisting at the price they sold at so that the appraiser can put that as the listing price?
7nine