Help me I'm having buyer remorse
So I'm signing papers to close the deal, we have the inspection done, earnest money of 1k, and the latest an appraisal.
So the appraisal shows a neighboring home that was sold last month, almost identical, that sold for 405k – The home we are purchasing is in contract for 463k! My first instinct is that I need to turn and run, and that’s what I’ve started to do.
I’m at the mercy of your advice. Is there something I'm missing?
Most Popular Reply
Who cares what the price is. How much income will it generate and what are your expenses. Passive income comes before personal home expenses.
Frank