A VERY Expensive Closet! Vancouver Washington Real Estate
We just closed a deal today on a Vancouver Wa home that almost didn't make it. Tough negotiations almost killed the deal. Then there was the inspection.
We had a buyer in less than 11 days who was ready to make a deal. The inspection was performed and we were back to negotiations. After 2 days of bargaining we were headed for closing. Everything was progressing to plan when we hit a snag. The appraisal came back low!
How could that be? Our pending price was lower than any other comp in this Vancouver Wa. neighborhood!
Oh wait... what's this? The appraiser showed the home being 80 sq. feet smaller than the tax records. After calling the bank and requesting a re-measure, the appraiser admitted to his mistake and corrected the appraised value.
The mistake was about the size of a walk-in closet but changed the value by over $8000. That would have been enough to blow up the deal. That was a very expensive closet!
Photo by PPDIGITAL
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