Buying A Home
emily1004
member
Dear Community,
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Appraisal Issues?
Anyone have issues with an appraisal? I'm thinking the one I just got back is way too low. The area is a crazy sellers market, and there are cash buyers waiting all over the place. Do I have any recourse or can I challenge it? Or would you walk away?
Re: Appraisal Issues?
We had a goof with the appraisal on our latest mortgage. Not sure how it works with other banks, but ours go through an appraisal vendor. The vendor gets the sale price along with other info and basically writes the appraisal to the sale price (I personally have issues with this).
Anyway, somehow the guy used our initial offer price and not the final agreed upon price. There was a $15k difference! Realtors on both sides and the bank got involved. A couple days later we had a new appraisal.
So yes, they can be challenged. You may or may not succeed in getting it changed.
Do keep in mind, the appraisal is there to protect you from overpaying for the property. So do make sure that if you're going to challenge it that the value is indeed too low.