Has anyone ever been questioned as to why the house is now priced as it is when at last purchase it was considerably cheaper?
If so, how did you handle this?
Quinn
In California due to the increase in Price, not Value there has been no need. Most lenders and their appraisers if at all qualified understand this state of affairs.
You really need a properly experienced appraiser who is qualified and accepted by some of the larger lenders. Whose appraisal will stand. But they are based on proper consideration of Comps. Recent sales within the last six www.months.Etc.etc. I would not try and fudge at this time because there seems to me to be the beginning of a price shift. I hope that it will become more responsive to the true economic and othersocial problems.
quinn,
No, I have never been questioned about it, this my house my price, end of story.
The buyer has the option to say no to the price upfont.
John $Cash$ Locke
I mean from their lender when they re-fi
Quinn
In California due to the increase in Price, not Value there has been no need. Most lenders and their appraisers if at all qualified understand this state of affairs.
You really need a properly experienced appraiser who is qualified and accepted by some of the larger lenders. Whose appraisal will stand. But they are based on proper consideration of Comps. Recent sales within the last six www.months.Etc.etc. I would not try and fudge at this time because there seems to me to be the beginning of a price shift. I hope that it will become more responsive to the true economic and othersocial problems.
Causeisity. Lucius .