I bought a property from “X” company in Florida 2 yrs. ago for “X” amount of money. Today, the same company is selling the same type of property at $100,00 less. I understand the market value dive, but is that legal? I mean, is that fair, legal to so many of us that bought at a higher price? If this were Stocks in the Market I will understand…
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Obviously their asking price would already be less then the potential value of the home (assuming homes were valued the same as they were in 2004), but is it likely that they would entertain offers 10-15% less?
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My wife and found a house that was $200,000 which is way below the market value in that area. The house needs some work like carpet/flooring, sliding glass door is broke and broke down appliance and lots of painting. we have been pre-approved for fha. I was wondering if we could ask offer 210k and ask for 10k back at closing for repairs. Keep on in mind it is a bank owed property
buying price of a rent-to-own property?
We own a house and the neighbor said he would sell us 2 or 3 acres behind our house below fair market value. The land is landlocked. What would a fair price be. I know there are a lot to take into consideration, but i just need an idea.
can anyone just give me a price.
forget about the landlock. what would a fair price be for 2 or 3 acres to add to the back of my property. please someone give me a number.
Effects meaning shortages, rationing and prices below the market value.
looking at a home prices 169k, 2134 sq ft, immaculate, 3 b, 2ba, 1996, not mobile/modular. fenced in, 0.59 acre (front and back), small patio (just slab), walk in cooler in garage, 2 car garage, apparently offered below market value (which i cant find). ive seen homes this size for less but they didnt look as nice. however, we only got approved for 165k and that is pushing the monthly payments that we would be avail to pay. i dont know how much homeowners would be, nor have i been able to find out the prop taxes for this home either.
Well I suggested to my agent that we should ask for 160k and she said yeah that sounds about right.
They have the 169k offered for a quick sale. I just found out they are leaving in May so they might take 160k or 165k
Every time I purchase a house I thought I got a good deal (paid below market value) yet the appraisal was…..roll the drum… the purchase price… NOT the higher true value of the house? I know the bank is just trying to cover their butts make sure the house is worth AS MUCH as I’m paying for it but shouldn’t the appraisal be accurate (true market value)?
Compare this with a RE-FI appraisal which we’ve also had in the past which seems to be true market value.
So, it seems that appraisals are different depending on new purchase vs. re-fi…. why is this the case?