Skip to content

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
General Real Estate 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

User Stats

21
Posts
7
Votes
Ahmed Youssef
  • San Francisco, CA
7
Votes |
21
Posts

Turnkey is asking to ignore the appraisal value

Ahmed Youssef
  • San Francisco, CA
Posted

I'm I not reasonable for not signing my turnkey contract because it has this condition? 

"If the property appraises for $120,000 or more the buyer agrees to purchase the property at the $129,950 purchase price indicated in this contract."

Do you find that condition common in turnkeys contracts?

Most Popular Reply

User Stats

5,086
Posts
13,357
Votes
Mike Dymski
#5 Investor Mindset Contributor
  • Investor
  • Greenville, SC
13,357
Votes |
5,086
Posts
Mike Dymski
#5 Investor Mindset Contributor
  • Investor
  • Greenville, SC
Replied

Only if you like starting off $10k in the hole...

Loading replies...

1 2 3