Quote:
|
The downside is I'd still be paying more for the property than their appraiser thinks it's worth in the current market, which would bad if ended up having to resell it quickly for some reason.
|
Almost everything we do comes at a risk to some degree. I would say if you had to sell it quickly in a year or so you would still be underwater with closing costs etc. Even if the house was purchased at the appraised value today. Hope to stay long and the property appreciates in value.
