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So glad to see so many people bringing up the issue of appraisals. You can ask whatever you want, but an interested buyer cant do anything if they cant get the loan.
Another problem you will run into is that if a house sits for a long period of time, people start wondering why and assume something is wrong. Your best bet is to price it competitively or wait until the market recovers to sell it.
Yes, it matters...unless you have a cash buyer. Someone who offers to buy your home and is using a mortgage could run into a problem. To obtain the mortgage the bank is going get an appraisal. And especially in this market the bank is not going to lend more than the house is worth. So a buyer can offer whatever they like......but in the end you will just end up disappointed because they won't be able to get financing.Hope that helps,Chris
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