Are current appraisals coming in near sales prive
We had some realtors tell us that appraisals were coming in 100-150k lower than sales price in Raleigh which is an issue for us with financing. Is this actually happening?
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I lead a real estate team in the Triangle and we aren't seeing this happening with our transactions. With that being said, we also pull comps before we show a property so any of our financing clients would most likely pass on viewing a home where the list price has little comp support.