The appraisal came back on the house we are supposed to be buying, and it
underappraised. The contract we had on it was $45,000, and it came back at only
$35,000. So we have to wait and see if the guy will take less for it. If not,
there's another one we're going to go look at it.
Our house in Ozark
also underappraised, but only by a couple of thousand dollars. Much better than
$10,000! It appraised for $102,500. I wish we had gotten an appraisal before we
listed it. It would have sold much faster, for one thing. I think it should be a
requirment for people to appraise a house before they try to sell it. I wonder
how many houses around here are overpriced. The realtors complain that nothing's
moving around here. That's probably why.
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