just got the appraisal back from the house im buying and it came in low by 10k - GoFuckYourself.com

Phoenix · 05-18-2006, 11:43 AM

now i have to come up with more money to make the buy

Capital FUCK

with paying taxes and buying a property all in the same few months

im going to be eating ramen noodles..lol

polish_aristocrat · 05-18-2006, 11:44 AM

borrow some $$ from Franck ;)

Hollywood376 · 05-18-2006, 11:45 AM

Quote:

Originally Posted by Phoenix

now i have to come up with more money to make the buy

Capital FUCK

with paying taxes and buying a property all in the same few months

im going to be eating ramen noodles..lol

make the seller eat it. unless the market is so hot that he can get 10K over appraisal, I'd renegotiate.

lazycash · 05-18-2006, 11:47 AM

Don't buy it, sounds like your paying more than something is worth.

Phoenix · 05-18-2006, 11:49 AM

Quote:

Originally Posted by polish_aristocrat

borrow some $$ from Franck ;)

haha....he'd be tickled pink to know im freaking out over here..lol

it will all be ok im sure...just sucks donkey balls

you never know how broke you are until you start spending money..lol

Dagwolf · 05-18-2006, 11:49 AM

Placenta Helper, thats naaaaasty

Phoenix · 05-18-2006, 11:50 AM

Quote:

Originally Posted by Hollywood376

make the seller eat it. unless the market is so hot that he can get 10K over appraisal, I'd renegotiate.

yes trying that now....if i was the seller id tell myself to fuck off though..lol

Babagirls · 05-18-2006, 11:50 AM

Quote:

Originally Posted by Phoenix

you never know how broke you are until you start spending money

i love this line ^^^^ hahahhaha!!

Phoenix · 05-18-2006, 11:51 AM

Quote:

Originally Posted by lazycash

Don't buy it, sounds like your paying more than something is worth.

maybe you are right...shit....not like im buying a pair of pants here...i need to think this shit through properly

Bryan G · 05-18-2006, 11:51 AM

That sucks man

B O B · 05-18-2006, 11:52 AM

you got the wrong appraiser ;)

05-18-2006, 11:52 AM

Ouch! I just had mine done on my new purchase... Luckilly I had the opposite problem.

My problem is selling the house I am in now. the market has slowed to a crawl

Phoenix · 05-18-2006, 11:54 AM

Quote:

Originally Posted by YNOTBob

you got the wrong appraiser ;)

haha someone else said the samething..lol

Manowar · 05-18-2006, 11:55 AM

that sucks

E$_manager · 05-18-2006, 11:57 AM

i'dd be happy to give you some but i don't have any.

Sosa · 05-18-2006, 12:09 PM

my appraisal came in pretty high and will cover my entire building loan. I'm happy for that.

GTS Mark · 05-18-2006, 12:41 PM

Ahhh fuck I have been there dude, you might want to consider getting another appraisal... I am suprised the appraiser didn't go up by 10k? That seems kind of silly... Call Ian and ask for another appraiser.

DH

JFK · 05-18-2006, 12:45 PM

Quote:

Originally Posted by DrinkingHARDEST

Ahhh fuck I have been there dude, you might want to consider getting another appraisal... I am suprised the appraiser didn't go up by 10k? That seems kind of silly... Call Ian and ask for another appraiser.

DH

YES, eighter reappraise (if the accept that )or renegotiate the price

I presume your offer was conditional on finanacing ?

Phoenix · 05-18-2006, 12:59 PM

Quote:

Originally Posted by DrinkingHARDEST

Ahhh fuck I have been there dude, you might want to consider getting another appraisal... I am suprised the appraiser didn't go up by 10k? That seems kind of silly... Call Ian and ask for another appraiser.

DH

dude,,,just found out the appraiser spent no more then five minutes at the property...and also..he missed over half our lot size....what a fucker..lol

i think it might work out in the end

Phoenix · 05-18-2006, 01:00 PM

Quote:

Originally Posted by JFK

YES, eighter reappraise (if the accept that )or renegotiate the price

I presume your offer was conditional on finanacing ?

yeah..but i think we got a fair price already..the appraisal guy missed over 2500 sq ft from our lot size

mikiemd101 · 05-18-2006, 01:08 PM

Quote:

Originally Posted by lazycash

Don't buy it, sounds like your paying more than something is worth.

Makes sence...Try a sellers concession for 6% of the house or hit my e-mail @ [email protected]

JFK · 05-18-2006, 01:12 PM

Quote:

Originally Posted by Phoenix

yeah..but i think we got a fair price already..the appraisal guy missed over 2500 sq ft from our lot size

what a JERK, I would complain and NOT pay for his services

Gaybucks · 05-18-2006, 01:27 PM

I just went through this with the house I bought.

Most everybody in the entire real estate industry - loan processors/brokers, appraisers, agents in particular, are incredibly lazy and grossly overpaid.

Have your agent do some comparables for you. If s/he is competent, that should give you a good idea of whether the appraiser is in the ballpark or way off. My guess is screwing up the lot size is an indication that the appraiser was sloppy all the way through (that info is in the real estate listing which he shoudl have had)

Also, if the appraiser isn't very familiar with the specific area, he may have no idea about comparables. You can ask for another appraisal, but you'll have to pay for it, and if it's way off from the first one, the bank might request a third one.

Bottom line, though... if the appraisal is low and a second one also comes in low, the *seller* not you, should eat the difference. If you're otherwise a strong qualified buyer, the seller would be an idiot not to lower his price because the market is soft and buyers aren't lining up at people's doors to buy.

Phoenix · 05-18-2006, 01:38 PM

Quote:

Originally Posted by JFK

what a JERK, I would complain and NOT pay for his services

already paid him..lol

he had numerous spelling errors as well...he must have hand typed it..lol

QualityMpegs · 05-18-2006, 01:41 PM

I'm about to get a home appraised and I am praying to God that it appraises ok.

QualityMpegs · 05-18-2006, 01:44 PM

Oh, and if this home appraises below, you better damn well believe I am asking them to cover the difference, because how dare they ask more than it is worth in this shitty market.

lazycash · 05-18-2006, 01:47 PM

Quote:

Originally Posted by Phoenix

yeah..but i think we got a fair price already..the appraisal guy missed over 2500 sq ft from our lot size

That's why its important to be there during the appraisal and inform him of any upgrades/options that he may be unaware of.

Peaches · 05-18-2006, 02:42 PM

You're either overpaying for the house or the appraisal is wrong. Get some comps in your area. The appraiser for my last house tried to do the same thing. I told him if he could find a comp house for what he appraised mine at I'd give him $10K in cash. He couldn't. In fact, the final appraisal came in about $5K more than the selling price. Most appraisers just do a "drive by" appraisal. Either get another appraiser or don't buy the house.

woj · 05-18-2006, 02:58 PM

what are you thinking man? buying a house over $10k appraised value doesn't sound like good business sense...

Phoenix · 05-18-2006, 03:01 PM

Quote:

Originally Posted by woj

what are you thinking man? buying a house over $10k appraised value doesn't sound like good business sense...

i think the appraiser is on crack

he missed about 2500 sq ft off the lot size...our lot spans 3 peoples yards

similar houses in the hood...sell for more then this one...i think i got a steal of a deal...just this guy spent about 4 minutes there

oldtimer · 05-18-2006, 03:13 PM

1. Contact the seller and tell him the bank loan hinges on the appriasal value, and your afraid it might not go through.

2. Ask him if the loan fails will he be willing to lower the price so you can get a mortgage.

3. If he says yes, ask your loan manager to write you a letter stating they are concerned about the low appraisal.

madawgz · 05-18-2006, 08:58 PM

how could you possibly be off my 10k :\

The Ghost · 05-18-2006, 09:01 PM

Yeah, did you get comps done before hand? That would give you an indication of what comparable houses in the same area are selling for. Any real estate agent can do that.

mattz · 05-18-2006, 09:01 PM

that sucks, sorry to hear that. You better start shaping things up!

MaddCaz · 05-18-2006, 09:07 PM

sponsor hot bitches get the money!

05-18-2006, 11:43 AM	#1
Phoenix BACON BACON BACON Industry Role: Join Date: Nov 2002 Location: Poems everybody, the laddie fancies himself a poet Posts: 35,462	just got the appraisal back from the house im buying and it came in low by 10k now i have to come up with more money to make the buy Capital FUCK with paying taxes and buying a property all in the same few months im going to be eating ramen noodles..lol __________________ Skype Phoenixskype1 Telegram PhoenixBrad https://quantads.io

05-18-2006, 11:44 AM	#2
polish_aristocrat Too lazy to set a custom title Join Date: Jul 2002 Posts: 40,377	borrow some $$ from Franck ;) __________________ I don't use ICQ anymore.

05-18-2006, 11:49 AM	#6
Dagwolf President of Canada Join Date: Sep 2003 Location: Leaving Hell, Entering Limbo Posts: 23,141	Placenta Helper, thats naaaaasty __________________ Sleep well, and dream of large women.

05-18-2006, 11:51 AM	#10
Bryan G Confirmed User Join Date: Aug 2005 Location: Toronto Posts: 8,338	That sucks man __________________ Bryan skype: bryan.glass3 \| ICQ 302999591

05-18-2006, 11:52 AM	#11
B O B Confirmed User Join Date: Dec 2002 Location: Santa Ana, Costa Rica Posts: 2,664	you got the wrong appraiser ;) __________________ SoloConverts.com is now LIVE! 8 kick ass exclusive sites, weekly payouts, secure 3rd party billing, 60/40 revshare - PPS by request, tons of promo tools and much more! Sign up today at SoloConverts.com Contact me today for anything you need! [email protected] ICQ: 184807 Skype: bobbyrica

05-18-2006, 11:47 AM	#4
lazycash Troll Patrol Industry Role: Join Date: Aug 2002 Location: Local Socal Posts: 15,214	Don't buy it, sounds like your paying more than something is worth.

05-18-2006, 11:52 AM	#12
shermo Guest Posts: n/a	Ouch! I just had mine done on my new purchase... Luckilly I had the opposite problem. My problem is selling the house I am in now. the market has slowed to a crawl

05-18-2006, 11:55 AM	#14
Manowar jellyfish Join Date: Dec 2003 Posts: 71,528	that sucks

05-18-2006, 11:57 AM	#15
E$_manager Too lazy to set a custom title Join Date: Apr 2006 Location: pink adult dreams Posts: 13,557	i'dd be happy to give you some but i don't have any. __________________ Enjoy more sales with EnjoyBucks! Homemade: Asian : Ebony : GFs : Voyeur : Nudist : Public : 3D

05-18-2006, 12:09 PM	#16
Sosa In Tushy Land Join Date: Oct 2002 Location: Nebraska Posts: 40,149	my appraisal came in pretty high and will cover my entire building loan. I'm happy for that.

05-18-2006, 12:41 PM	#17
GTS Mark Vrume Mark Industry Role: Join Date: Jan 2001 Location: Toronto, Canada Posts: 20,912	Ahhh fuck I have been there dude, you might want to consider getting another appraisal... I am suprised the appraiser didn't go up by 10k? That seems kind of silly... Call Ian and ask for another appraiser. DH

05-18-2006, 01:27 PM	#23
Gaybucks Confirmed User Join Date: May 2004 Location: Sacramento, CA Posts: 451	I just went through this with the house I bought. Most everybody in the entire real estate industry - loan processors/brokers, appraisers, agents in particular, are incredibly lazy and grossly overpaid. Have your agent do some comparables for you. If s/he is competent, that should give you a good idea of whether the appraiser is in the ballpark or way off. My guess is screwing up the lot size is an indication that the appraiser was sloppy all the way through (that info is in the real estate listing which he shoudl have had) Also, if the appraiser isn't very familiar with the specific area, he may have no idea about comparables. You can ask for another appraisal, but you'll have to pay for it, and if it's way off from the first one, the bank might request a third one. Bottom line, though... if the appraisal is low and a second one also comes in low, the seller not you, should eat the difference. If you're otherwise a strong qualified buyer, the seller would be an idiot not to lower his price because the market is soft and buyers aren't lining up at people's doors to buy. __________________ Gaybucks.com 100% exclusive American guys - hosted movie galleries - NATS - Boyfunk.com - Boysfeetclub.com - AJsCloset.com- SkylerDeVoss.com ICQ 272-995-402

05-18-2006, 01:41 PM	#25
QualityMpegs Confirmed User Join Date: Feb 2003 Location: Orlando, Florida Posts: 3,521	I'm about to get a home appraised and I am praying to God that it appraises ok. __________________ PAYSITES CATEGORIZED AND THUMBNAILED BY NICHE - 69767780

05-18-2006, 01:44 PM	#26
QualityMpegs Confirmed User Join Date: Feb 2003 Location: Orlando, Florida Posts: 3,521	Oh, and if this home appraises below, you better damn well believe I am asking them to cover the difference, because how dare they ask more than it is worth in this shitty market. __________________ PAYSITES CATEGORIZED AND THUMBNAILED BY NICHE - 69767780

05-18-2006, 02:42 PM	#28
Peaches Old broad Join Date: Oct 2002 Location: Away Posts: 13,933	You're either overpaying for the house or the appraisal is wrong. Get some comps in your area. The appraiser for my last house tried to do the same thing. I told him if he could find a comp house for what he appraised mine at I'd give him $10K in cash. He couldn't. In fact, the final appraisal came in about $5K more than the selling price. Most appraisers just do a "drive by" appraisal. Either get another appraiser or don't buy the house.

05-18-2006, 02:58 PM	#29
woj <&(©¿©)&> Industry Role: Join Date: Jul 2002 Location: Chicago Posts: 47,882	what are you thinking man? buying a house over $10k appraised value doesn't sound like good business sense... __________________ Custom Software Development, email: woj#at#wojfun#.#com to discuss details or skype: wojl2000 or gchat: wojfun or telegram: wojl2000 Affiliate program tools: Hosted Galleries Manager Banner Manager Video Manager Wordpress Affiliate Plugin Pic/Movie of the Day Fansign Generator Zip Manager

05-18-2006, 03:13 PM	#31
oldtimer Confirmed User Join Date: Jan 2003 Posts: 250	1. Contact the seller and tell him the bank loan hinges on the appriasal value, and your afraid it might not go through. 2. Ask him if the loan fails will he be willing to lower the price so you can get a mortgage. 3. If he says yes, ask your loan manager to write you a letter stating they are concerned about the low appraisal. __________________ Im here to help surfers find relevant content

05-18-2006, 08:58 PM	#32
madawgz 8.8.8.8 Industry Role: Join Date: Mar 2006 Location: Noordermarkt Posts: 30,509	how could you possibly be off my 10k :\ __________________ TAEMDLRMSKRJIXMRLSMRJ.

05-18-2006, 09:01 PM	#33
The Ghost IslandDollars.com Join Date: Oct 2004 Location: Icq: 176176 Posts: 12,188	Yeah, did you get comps done before hand? That would give you an indication of what comparable houses in the same area are selling for. Any real estate agent can do that. __________________ ISLAND DOLLARS 1000's of Exclusive TS scenes / Constant Updates Best TS Network your surfers will ever join

05-18-2006, 09:01 PM	#34
mattz Confirmed User Industry Role: Join Date: Dec 2001 Location: AZ Posts: 7,697	that sucks, sorry to hear that. You better start shaping things up!

05-18-2006, 09:07 PM	#35
MaddCaz Confirmed User Join Date: Mar 2006 Location: Illinois Posts: 9,483	sponsor hot bitches get the money! __________________ BigCocks.com - MatureWomen.com - Tranny.com - DrunkGirls.com - TeenGirls.com - MonsterCock.com and many more... Click here to see them all!