Real estate blog entries tagged with multiple offers in palo alto by Marcy Moyer, Probate, Trust, and Investment Specialist (eXp Realty of California Silicon Valley Probate, Trust, and Investment Sales)

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multiple offers in palo alto: What To Do When The Accepted Palo Alto Home Offer Does Not Appraise - 05/26/12 10:40 AM

This is a common problem. The market is appreciating and homes are selling for more now than they were 6 months ago. Good news for Palo Alto sellers, right? It can be, but there are pitfalls.

If the offer you accept is higher than the market value of closed sales, not the ones that are pending and you know sold for $300,000 over asking, then you may run into issues if that offer is contingent on an appraisal. The appraisal will look at closed sales in the last 3-6 months, not rumors about the house around the corner.

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