Author Topic: Who would have thought losing 7 grand was a good thing
Tipztoe 
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Subject: Who would have thought losing 7 grand was a good thing
Just had an appraisal on my house after about 2 years and a housing market that we all know tanked. Only lost 7 grand from the initial appraisal. I feel like I lucked out.

 

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Maleraka 
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Subject: Who would have thought losing 7 grand was a good thing
appraised value does not always equal market value

 

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Reapist 
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Subject: Who would have thought losing 7 grand was a good thing
If you lost 7k at the casino it would not be a good thing.

 

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Tipztoe 
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Subject: Who would have thought losing 7 grand was a good thing
Maleraka posted:
appraised value does not always equal market value




I know, plus you never really gain/lose money until you get out of the market. But they partly base it off what is selling in the neighborhood on comp properties.


I know my old neighbor who bought their house for 600k and change is looking at like 150k loss.








 

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Fallen_daemon 
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Subject: Who would have thought losing 7 grand was a good thing
http://www.zillow.com/
type in your address and see how much the site thinks your house is worth. who needs appraisers tongue .

 

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Tipztoe 
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Subject: Who would have thought losing 7 grand was a good thing
Fallen_daemon posted:http://www.zillow.com/
type in your address and see how much the site thinks your house is worth. who needs appraisers tongue .



Zillow isn't very accurate.. plus the bank doesn't care what they think when refinancing tongue

 

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