Fernando
Elite Member
- Joined
- Nov 7, 2016
- Professional Status
- Certified Residential Appraiser
- State
- California
Difference between $355K and $345K is less than 3%. What is your problem?APPRAISED A 2 BEDROOM 944 SF RANCH WHICH IS UNDER CONTRACT FOR $355,000 AFTER 5 DOM. LISTING PRICE IS $320,000.
MY VALUE USING 6 COMPS AND STRETCHING AS FAR AS I COULD, CAME IN AT $345,000. NO WAY I COULD SEE $355,000. MLS STATS INDICATED A YTD INCREASE OF 5% WHICH I APPLIED IN ADDITION TO MARKET DERIVED ADJUSTMENTS.
I'M LOOKING FOR COMMENTS TO SATISFY LENDER AND BUYER THAT MY VALUE IS GOOD AND THE SALE PRICE IS TOO HIGH AND NOT JUSTIFIED.
THANKS,
JEFF
Also, is the market conditions increasing.
I'm noticing recent 3 months, more sales and more buyers coming into market.