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Old 01-27-2012, 08:58 AM
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Quote:
Originally Posted by jpg7n16 View Post
VERY left brained person here

what is the selling price of the home? so it's 10k - is that materially different?


There's a difference in a $10k valuation swing on a $90k property, and a $10k valuation on a $360k property. On $90k, it could be a renegotiating point. On $360k, it doesn't matter. Also, if it was a multiple offer situation, it doesn't matter. A new bidding war could easily raise the price $10k+.
This is a good point. The $10k seemed "eh" to me, but homes are insane expensive where I live and insanely bid up. So, $10k really would be *nothing.*

If the house is a $100k house, $10k is pretty significant. MEaning, I'd be more likely to keep looking in that case.
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