Sentences with phrase «appraisal price»
The phrase "appraisal price" refers to the estimated value or worth of something, as determined by a professional appraiser. It is the amount of money that a knowledgeable person thinks an item or property is worth based on its condition, demand, and other factors. Full definition
I felt like this dealership had the most reasonable price for the car I was looking to purchase and also had very good appraisal price for my trade.
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They are not willing to sell at appraisal price.
The average out of whack counter values are about $ 60,000 difference between list price and appraisal price by Fannie Mae.
My latest result was sold in 24 hours, after 51 inspections over the 2 days with 6 written offers, and sold for a whopping $ 65,000 over my initial appraisal price.
To determine should you be getting a ton, using a Beautiful hawaii holiday package, you happen to be urged to appraisal the price of your holiday booking separately.
He brought the appraisal price of our vehicle and decided to give us more value on our car just because I was military.
This article explains the difference between the appraisal price, the fair market value, and the property assessment.
So if you buy a home for 425k (assuming 100 % appraisal price) 20 % equity would be 85k.
Therefore your down payment is $ 8,675 (3.5 % of $ 105,000 PLUS the $ 5,000 above the appraisal price).
A common surprise for investors is the lender's discounting of the appraisal price to reduce the amount of the loan they are willing to underwrite in order to mitigate their risk exposure.
AVMs are a quick way to satisfy a lender's requirement that a home's purchase price meets the appraisal price, but they have a long way to go to meet the more exacting standards of the walk - through inspection, Linsin says.
While a quick way to satisfy a lender's requirement that a home's purchase price meets the appraisal price, AVMs have a long way to go to meet the more exacting standards of the walk - through inspection.
This article explains the difference between the appraisal price, the fair market value, and the property assessment.
Offer an appraisal price guarantee in which you could pay the difference if the appraisal comes in low.
Assistance funds can not be used to pay off your debts or to pay the gap between an appraisal price and a sales price if the home should appraise for less than the sales price.
«Fall through» is when a home under contract fails to reach settlement, perhaps because of a failed inspection or because the sale price is higher than the appraisal price, which can make it harder for the buyer to get a loan.
To be more specific she said that I can refinance them now for 75 % of the purchase price or wait a year and then I will be able to refinance them for 75 % of the appraisal price.