Asked by New buyer
Hello,
I am looking to buy a private property. The valuation provided by bank of the condo I prefer to buy is $150k lower than the offer price by the owner. Offer price is $2.35 million. Bank has valued at $2.2 million.
I understand I can top up the $150k cash. Any suggestions on how I can get around this? Are there any pitfall should i go ahead with this offer? What can I do to convince the seller to lower the price of the condo.
Any advise appreciated.
I am looking to buy a private property. The valuation provided by bank of the condo I prefer to buy is $150k lower than the offer price by the owner. Offer price is $2.35 million. Bank has valued at $2.2 million.
I understand I can top up the $150k cash. Any suggestions on how I can get around this? Are there any pitfall should i go ahead with this offer? What can I do to convince the seller to lower the price of the condo.
Any advise appreciated.
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