The Motley Fool Discussion Boards
Personal Finances / Buying or Selling a Home
|Subject: Re: Selling: more of a rant than anything||Date: 3/25/2013 8:56 PM|
|Author: YewGuise||Number: 124998 of 127988|
I'm a little leery of the "contingent upon appraisal." I'd be OK with "contingent upon financing," and then select the potential buyer who has enough cash to make up the difference between what a low appraisal might be, and the higher price he's willing to pay.
Your Realtor will probably advise going with a lower offer, as it's more likely to avoid problems with appraisal. Since the higher offers do have appraisal contingencies, I personally would just go with the offer most in line with comps, which I'm guessing would be one of the lower offers.
Also, a buyer who feels he's getting a bargain is a little less likely to go nuts over trivia that turns up during inspection. A buyer who's paying extra (above the appraisal) is more likely to be a PITA regarding the inspection results.
If the comps support a higher price, go for it! (You should have a pretty good guess, from the comps, what the appraisal will be.)
looking forward to add'l positive updates
|Copyright 1996-2015 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|