appraisal low , options?

[Ravi860]

13 minutes ago, pandemkodi said:

It’s actually good you got a chance to negotiate with seller on price 

I doubt it seller will come down bro since op said there are multiple offers on house, definitely worth a try. People still bidding in this market.. crazy. 

[shaktimaan]

13 hours ago, spicyfish said:

HI friends, 

Appraisal low than the price of the house vaste what are the options?

Not looking to walk away as we liked the house and are planned to move in. We initially planned to do downpayment of 20% and planned with that budget while keeping the rest for emergency funds. 

Ippudu appraisal oka 4% low vachindi home price kante so that will make us change our down payment to adjust the gap and expect an increase in monthly payments.

Other than this any other options?

 

this is why you should not get attached to a house

if 40k(1M asking price) doesn't hurt you, put it on top of down payment

or talk to your relator(you're paying them and let them do their work) and put pressure on seller to negotiate, in this market they should consider

[stonks_pro]

12 hours ago, FrustratedVuncle said:

Ipudu unna market lo unna price Kanna ekkuva petti konudu endi viddoramga. Ppl are negotiating down the prices.

If you don't want to back out then easiest option is to pay the difference from pocket 

Not everywhere uncle, Ade kada tricky…inventory plays a big role…can’t talk abt in general but Bay Area lo still most of the homes bidding is ther and are going over the list price. My friends closed two homes in last 1 month both are over the list price

one home ki ayithe 175k over the list price pay chesaru 

[FrustratedVuncle]

1 hour ago, stonks_pro said:

Not everywhere uncle, Ade kada tricky…inventory plays a big role…can’t talk abt in general but Bay Area lo still most of the homes bidding is ther and are going over the list price. My friends closed two homes in last 1 month both are over the list price

one home ki ayithe 175k over the list price pay chesaru 

[argadorn]

1 hour ago, stonks_pro said:

Not everywhere uncle, Ade kada tricky…inventory plays a big role…can’t talk abt in general but Bay Area lo still most of the homes bidding is ther and are going over the list price. My friends closed two homes in last 1 month both are over the list price

one home ki ayithe 175k over the list price pay chesaru 

Show me the proof of over 175 k over list price 

[stonks_pro]

3 hours ago, argadorn said:

Show me the proof of over 175 k over list price 

Check this

listed for 1.4M n closed for 1.575M 

Happies?

[MiryalgudaMaruthiRao]

3 minutes ago, stonks_pro said:

Check this

listed for 1.4M n closed for 1.575M 

Happies?

adi ma @csrcsr inti pakkane anduke demand

[argadorn]

2 minutes ago, stonks_pro said:

Check this

listed for 1.4M n closed for 1.575M 

Happies?

Happies …One month waiting lo nilabadi  1998 home ki 1.575 m konara super … bahut acha 

[MiryalgudaMaruthiRao]

Just now, argadorn said:

Happies …One month waiting lo nilabadi  1998 home ki 1.575 m konara super … bahut acha 

Bay Area lo anthey

1960 intiki over 100k-150K ichi kontunnar

idi entha

[Ravi860]

15 minutes ago, stonks_pro said:

Check this

listed for 1.4M n closed for 1.575M 

Happies?

2400sqft 1.5M vammo $667/sqft 🤣🤣🤣 jayaho Bay Area 

okappudu Pleasanton dooram anukune vadini ippudu Livermore paiki kuda ila kontunnaru 👏 

[stonks_pro]

11 minutes ago, argadorn said:

Happies …One month waiting lo nilabadi  1998 home ki 1.575 m konara super … bahut acha 

See this

this also went 60k over asking …look at the price/ sq ft …crazy asalu

[stonks_pro]

4 minutes ago, Ravi860 said:

2400sqft 1.5M vammo $667/sqft 🤣🤣🤣 jayaho Bay Area 

okappudu Pleasanton dooram anukune vadini ippudu Livermore paiki kuda ila kontunnaru 👏 

Livermore baga perigayi bro….some home are of good size n lots compared to rest of the Bay Area, so many listing are over 1.8M the ones on 84 and concannon blvd 

[Ravi860]

5 minutes ago, stonks_pro said:

See this

this also went 60k over asking …look at the price/ sq ft …crazy asalu

This 1961 rekul shed went into pending in 11 days 🤣

[stonks_pro]

2 minutes ago, Ravi860 said:

This 1961 rekul shed went into pending in 11 days 🤣

Value is in the land bro …aa area lo fully renovated homes ante 2.5M ee 

[MiryalgudaMaruthiRao]

5 minutes ago, Ravi860 said:

This 1961 rekul shed went into pending in 11 days 🤣