Appraisal came in 80k below asking with no contingencies

Hey Reddit,

This my first time posting, could really use some help from all of you lovely peeps. As the title states, we are in contract with an offer at asking (850) appraisal came in low at (770), there are no contingencies in place at all and so the seller doesn’t really have reason to offer concessions? It was a high offer as we did not want to be outbid and it was the last possible unit of interest, we did not expect the low appraisal. Would there be any advice in contesting the appraisal, anything that I can pull out of from the comparables in the report?

If we fight the appraisal, we would need to bring up the value to about 40k to the target of 810 for qualification purposes. The thing is the appraisal report doesn’t seem wrong, what can we pull out, anything that could help? Any insight would be greatly appreciated. Thank you all.

submitted by /u/Trash-Striking
[link] [comments]

Hey Reddit, This my first time posting, could really use some help from all of you lovely peeps. As the title states, we are in contract with an offer at asking (850) appraisal came in low at (770), there are no contingencies in place at all and so the seller doesn’t really have reason to offer concessions? It was a high offer as we did not want to be outbid and it was the last possible unit of interest, we did not expect the low appraisal. Would there be any advice in contesting the appraisal, anything that I can pull out of from the comparables in the report? If we fight the appraisal, we would need to bring up the value to about 40k to the target of 810 for qualification purposes. The thing is the appraisal report doesn’t seem wrong, what can we pull out, anything that could help? Any insight would be greatly appreciated. Thank you all. submitted by /u/Trash-Striking [link] [comments]

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