My Short Sale listing has had 3 offers at market value, however B of A had Landsafe do an appraisal which came in $75K over market. B of A made the Seller's raise the list price to that value. 90 days has passed and I am disputing the appraisal and requesting a new one. I think I should drop the list price down to market value, because in my BPO experience (I've done at least 3500), I cannot suggest a value lower than the actual MLS list price. Do appraisers do the same thing? If they do, then I need to drop the list price on this Short Sale to Market Value.
Your input please?
Replies
Submit the offers, they will see that market value is what someone is willing to offer and if you have multiple
offers in the same range they will see that IS market value. Good Luck, Laura