http://www.katylee.com/2005/12/appraisal-contingency.html California Real Estate in Walnut, CA Fri, 21 Nov 2008 22:21:43 +0000 http://wordpress.org/?v=2.5.1 http://www.katylee.com/2005/12/appraisal-contingency.html#comment-11732 Liz Mon, 09 Jun 2008 23:52:27 +0000 http://www.katylee.com/realestate/?p=69#comment-11732 I know this is a blog from 2005 but it's still a pertinent question. We just were in contract to buy a house for $692k but the appraisal came in at $590, $102k difference. It was a somewhat unique house. How would you analyze that situation? How would you view the appraisal? (we got a second appraisal that came in at $620) We ended up walking away from the house and there was another buyer behind us. We could not justify that much of a difference. I know this is a blog from 2005 but it’s still a pertinent question. We just were in contract to buy a house for $692k but the appraisal came in at $590, $102k difference. It was a somewhat unique house. How would you analyze that situation? How would you view the appraisal? (we got a second appraisal that came in at $620) We ended up walking away from the house and there was another buyer behind us. We could not justify that much of a difference.

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