Hello everyone. Here’s the situation. Seller bought property for 212k 2 years ago, now that there are alot of foreclosures in the Atlanta metropolitan area, the property has went down in value. Seller said he had his property appraised a month ago and his property is now worth 167k. I was wondering if and what you would offer for the property? Seller is not behind but is real eager to sell.
No deal, move on… Appraisals are worthless. Comps are all that matter. He has no equity and isn’t behind on payments.
Next. Dont waste much time on these.