Updated almost 8 years ago on . Most recent reply
Appraisal - Using previous buyer's
Working to purchase a turnkey SFH and going back and forth with seller. Seller had prior buyer lined up but financing fell through. Seller shared appraisal, and based on my revised offer,the appraisal is ~9% higher than where we're at (that appraisal was dated one month ago). Question I have, will that appraisal be valid for my lenders or is it likely lender will require new appraisal? Usually appraisals come in right at or slightly above, but almost 10% seems too good to be true.