Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Multi-Family and Apartment Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 7 years ago on . Most recent reply

User Stats

4
Posts
0
Votes
Jeffrey Bullock
  • Arlington, TX
0
Votes |
4
Posts

Appraisal addendum (to sign or not to sign)

Jeffrey Bullock
  • Arlington, TX
Posted

I am new to investing and currently put an offer on a duplex listed at 148k in the dfw area. The property is right across the street from a college and stays 100% leased all year at 700 a month each side. I can most likely upgrade to get another 100 per side. The problem is that the comps for the property are all over the place and when I placed my offer I was in a multiple offer situation. I ended up winning, by increasing my offer to 152k but had to sign the addendum saying if it didn’t appraise I would have to bring the cash difference. My option period starts Friday and I am having serious doubts that Irby won’t appraise and I may have my firstborn deal be a bad one. Still not too late to get out though. Any thoughts. Thanks 

Loading replies...