Quote:
Originally Posted by biosurfer1
Is it me or is $25,000 NOT that big of difference on a $405k appraisal...we are talking about ~5% difference between the two, sounds reasonable to me.
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agree 100%.
The appraisers are doing their best to determine what an "average" buyer is going to pay for the properties, and it's a bit of a guessing game because every buyer and every house is so different.
Hell, I had three offers on a 430k home last week, they varied by almost 15%... each buyer thought their price was perfectly justifiable, and none of them were "wrong", but only one got the house. How's an appraiser supposed to make a guess that's better than a well informed buyer??