A True Story from Debra Leatham.
On my listing, single family home did my due diligence by introducing recent sales and current listings for homes that possibly would be used for appraisal comps when setting the price of the listing.
All said the Seller decided to list the home at my suggested list price of $315,000. We all felt confident the appraisal would come in at or near this price.
The offer of $317,000 from Buyer that had money in the bank to make up a couple of thousand dollars if the appraisal came in at less than the offer.
Appraisal came in at $312,000. The buyer would not budge in price, so my Seller and I looked for other things of value in this transaction.
They were purchasing another home with a concurrent closing, making…