Comments on: Hummer Hip A Status Symbol Turned Pariah http://www.tucsonazrealestateblog.com/tucson-real-estate/hummer-hip-a-status-symbol-turned-pariah/ & What it is like living in Tucson Sat, 20 Mar 2010 15:18:29 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Teresa Boardman http://www.tucsonazrealestateblog.com/tucson-real-estate/hummer-hip-a-status-symbol-turned-pariah/comment-page-1/#comment-428 Teresa Boardman Sat, 21 Jun 2008 12:05:58 +0000 http://www.tucsonazrealestateblog.com/tucson-real-estate/hummer-hip-a-status-symbol-turned-pariah/#comment-428 Sounds just like our market. Sounds just like our market.

]]> By: Dave Smith http://www.tucsonazrealestateblog.com/tucson-real-estate/hummer-hip-a-status-symbol-turned-pariah/comment-page-1/#comment-425 Dave Smith Thu, 19 Jun 2008 23:07:35 +0000 http://www.tucsonazrealestateblog.com/tucson-real-estate/hummer-hip-a-status-symbol-turned-pariah/#comment-425 Jim, There is no way of telling beforehand what a property will appraise for. It really depends on the appraiser and the comps they use. In today's market, you can get different appraisers who come up with two totally different values. If you are the buyer and the appraisal comes in low, you can request the seller bring the price down, but if the seller refuses, your only option would be to pay for the difference yourself or cancel the contract. Now, if the appraisal contingency was removed from the contract, the buyer is stuck and could opt to pay for another appraisal or pay the difference and close. It really all depends on the contract. Jim,

There is no way of telling beforehand what a property will appraise for. It really depends on the appraiser and the comps they use. In today’s market, you can get different appraisers who come up with two totally different values.

If you are the buyer and the appraisal comes in low, you can request the seller bring the price down, but if the seller refuses, your only option would be to pay for the difference yourself or cancel the contract. Now, if the appraisal contingency was removed from the contract, the buyer is stuck and could opt to pay for another appraisal or pay the difference and close. It really all depends on the contract.

]]> By: JL Morris http://www.tucsonazrealestateblog.com/tucson-real-estate/hummer-hip-a-status-symbol-turned-pariah/comment-page-1/#comment-424 JL Morris Thu, 19 Jun 2008 17:29:34 +0000 http://www.tucsonazrealestateblog.com/tucson-real-estate/hummer-hip-a-status-symbol-turned-pariah/#comment-424 <p>Gas is $4.69 for regular here in L.A. and I have to drive 130 miles round trip each day to the office. So I am trying to work out of the house one day a week to cut costs.<br /> What happens if you accept an offer and the appraisal comes in lower? Do you have to accept the appraisal value? How can you find out beforehand what the appraisal number is likely to be?</p> Gas is $4.69 for regular here in L.A. and I have to drive 130 miles round trip each day to the office. So I am trying to work out of the house one day a week to cut costs.
What happens if you accept an offer and the appraisal comes in lower? Do you have to accept the appraisal value? How can you find out beforehand what the appraisal number is likely to be?

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