Posted by Phillipa on April 27, 2009, at 22:49:46
In reply to Anyone work in real estate?(or have a sold home), posted by garnet71 on April 27, 2009, at 18:50:56
A few years ago before the real estate crash so to speak people would just pay more cash but we have a condo in Emerald Isle we've gone below appraisal value and no takers we're losing our butts on this. Gone from $259,000 down to 189 in last year. Things just aren't selling. North Carolina was doing well. It's a buyers market right now. True what you said if appraisal is less that asking price buyer must want the house and be willing to pay more cash. That's my understanding at least. Love Phillipa
poster:Phillipa
thread:893129
URL: http://www.dr-bob.org/babble/social/20090421/msgs/893187.html