Buying A Home
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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.
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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
We just got our appraisal report and its $60,000 less then the offer we made! Here's my question, our realtor is questioning the number and is wanting to submit new comps. Why would she be wanting it to be higher? Doesn't she work for us? She's saying the bank might walk (it's a REO) if the appraisal is too low but if that's how much the house is worth, why are we fighting it? Isn't that the due diligence of the seller/bank? I'm really irritated and am not sure if this is normal!
Re: Appraisal
Your REA may be thinking you really want the house and is therefore trying to make the deal work on your behalf by not making it so the sellers have to come up with so much cash. The other answer is that your REA wants the sale so he/she can get the co
Two reasons come to mind. 1) your realtor gets paid a % of the sales price. A lower sales price equals less commission. 2) she doesn't think the bank will come down so the deal won't go through. This means no commission and she
There is no reason your realtor should want to get the higher price. Let her know to take it back to the bank to match or you walk.
We talked to her and we are going to wait to see what the bank/seller says. I think you guys are right. She doesn't want to see the deal go south and start over but I'm not about to pay more for a house that isn't worth that. Appraisa