The Boston condo market is rising rapidly causing many condos to go over asking price. How are the appraisers keeping up with the market? Appraisers can typically only use comparable properties that have sold in the last 6 months. Inevitably, this combination is causing some condos not to appraise.
So what does this mean?
Recently I had a situation where a condo did not appraise. We were one of 3 offers. Our terms were excellent and, although we were (0 comments)
We met for an initial consult, came up with a game plan and started viewing homes. Not too long into the search, we came across a home they really liked and put an offer in. The sellers were heading to Europe for 2 weeks and asked that we wait until they returned to negotiate. We did not stop (2 comments)