We live in Midwest. Three kids. 125k income.
Bought our first house in 2010 for 250k. Sold it this April for 530. So thankful for that wonderful place. Allowed us this opportunity.
Sellers just accepted our offer on dream home. Perfect neighborhood. Beautiful house and yard.
Asking 590k, we got it for 620. There were two other offers. We waived an inspection since it is only 11 years old and in great shape. Our realtor was an inspector. He went through it for two hours the day after we saw it. Minor cosmetic fixes.
We can afford this house due to that lovely place we bought in 2010. Funny how life works.
Our lender gave us an appraisal waiver since we are putting nearly 40% down. Monthly payment is basically the same as our last house but much, much nicer spot.
Rambling gets me to the question:
Is there any negative or positive to us not having the house appraised? We definitely think it is worth close to what we paid. Maybe a bit under but we plan it to be our forever home.