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Old 04-26-2012, 11:14 AM
rimrock rimrock is offline
 
Join Date: Mar 2012
State: Texas
Professional Status: Certified Residential Appraiser
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If the sale contract calls for seller to pay an amount not to exceed $5,000 for buyers expenses, but the actual amount they ended up paying was only $3500, which figure do you base your concession on?
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Old 04-26-2012, 11:25 AM
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Proactive Proactive is online now
 
Join Date: Jan 2002
State: Washington
Professional Status: Certified Residential Appraiser
Posts: 1,183
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If you are referring to a comparable sale, I base my adjustment on the information provided by the parties involved in the transaction. Usually that is the actual amount paid, since I am inquiring after the sale.

Of course, if you are referring to the subject, no adjustment is made at all.
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