Matt McCormick
Freshman Member
- Joined
- Nov 9, 2004
- Professional Status
- Certified Residential Appraiser
- State
- Oklahoma
Have a 1004 with 2 comps Conv financing a bit below list price, one FHA well above. Typical sellers concessions in market is 3% Seller concessions on FHA comp is 5.82% over list.
I made a dollar for dollar adjustment for every dollar over the 3% typical threshold which should equate it with cash value.
Local MLS crew advised realtors/associates not to disclose concessions, so that is a moot point.
Any thoughts to the contrary?
I made a dollar for dollar adjustment for every dollar over the 3% typical threshold which should equate it with cash value.
Local MLS crew advised realtors/associates not to disclose concessions, so that is a moot point.
Any thoughts to the contrary?