If an appraiser is judging the value someone would pay for something wouldn’t this make the appraiser bad at their job? Also your real estate agent
Hire an appraiser and he figures it out. It's absurd but an appraiser on a purchase gets a copy of the contract. It's easy for him to just out down $700k bc, well, it's worth $700k bc someone is willing to pay $700k. Refi is different bc the appraiser doesn't have a contract and has to do it on his own. Purcbaee appraisals end up dead on with the contract more often than not. Very rarely are they way off.
But the above isn't true. The bank is buying the house (or at least a large portion of it). There should be more to it than valuing it at what a buyer will pay, or there's a great risk that the banks end up with a load of empty homes that are way over valued (again).
I mean, it is true. That's how it's done. Should it be? No, but it is. - Bank sends appraisal request to 3rd party - 3rd party has a network of appraisers and they hire appraiser and give him the docs - Appraiser does the appraisal and send to 3rd party - 3rd party sent to bank
I know that's how it works and I was being facetious, but as you said - it shouldn't. Too many parties have an interest in higher values and houses are very soon going to be out of reach for the majority - the next thing will be lifetime mortgages, or maybe even multi-generation mortgages for people to buy homes. I don't know, If I had the answers I wouldn't be selling cars for a living. As I said earlier, I worry about my kid's ability to get on the housing ladder.
Oh I don't disagree. I read "the above isn't true" as saying that's not how it worked. But yea the value piece is always hard on purchases. If someone is willing to pay it, that's what it's worth. Same goes for anything being sold. Refi is more subjective bc there's not a buyer involved.
That's crazy that she'd tell you to take less. If anything, take the higher offer and if it does happen to come in low, adjust then. A lot of times the buyer will just put more down to cover the difference. But like I said, it's rare that every happens on a purchase. My best guess is she's friends with the agent if the $10k low offer and got a kickback for getting you to sell it to them.
a short position is a no brainer until social media gets ahold of it. I doubt a small pharma company will hold the interest of the internet though the week, but if it could somehow maintain until friday new NSCC rules on required daily liquidity deposits take effect.. the same day KMPH was headed towards a minor showdown. warrants are maybe fully exercised too reducing selling pressure, but really who knows. I either want to go full meme stock or just hide the ticker for 18 months missed adding 10% this morning. put in for 9 supposedly hit 9 but never filled. first world problems
it appears the twitter dude who caused all this was using the old outstanding share count in his math.. recently underwent a pretty significant dilution and I imagine this will take the air out of the balloon when people catch on.. or it'll fly to 20+ because nothing matters. put in a sell order for 100 and trying to figure out how to not see the ticker in my positions
I wish I could get on board but having 30 day minimum holding requirement before selling means I can't chase the pump and dump action.
The fucking MOON. I think it easily gets to 0.20 and if the results of the drilling go as expected and the news comes out in 4 weeks, who knows where this goes.
There's nothing like not being able to sell for a nice gain because you bought the stock with unsettled cash a day ago.
Not with Fidelity, and I assume other major brokerage firms. You get three strikes with Fidelity within 12 months, so if you ever need to lock up a massive gain, go for it.
I did it a long time ago and they locked my account immediately. Maybe they have changed this? Thanks though
Where do you buy a house in the same price range you just sold yours at? Here we'd have to sell our house and move to Wellington or Lake Worth (just south of West Palm). I'd still be buying in an overpriced market. I do like the idea of having a new build though. Unfortunately they're out west away from where we work, and I appreciate minimal drive times way too much.
I didn't know there was mining in Florida, so I clicked twice. Not saying I'm right, but this is the DD I did. https://www.bloomberg.com/profile/company/1579872D:IN (won't let me look any more, but it had dashes before it put up the subscribe screen)
Random throwback but which one of you was in on ZOM? Are you still in it? I thought it was up for another spike the last two days, but it faltered. Are you still holding? If so, what’s got you still into it? If you were just in it for that big swing a month ago, I’ll prob just bounce out and pivot into something else...
Most of my stocks are into things that I hope will pick back up as things open up, so I’m chilling on most of my stuff regardless of what happens today. Might make me dip out on one or two penny stonks tho
HVByadda yadda sounds too much like sounds too much like HPV and for that reason, I am out. This is how you DD, boys.
Yea I followed someone’s lead on a stonk called INCC without looking into it at all myself. Made a huge spike. I was stoked. Then steadily dropped. I didn’t get out for some dumb reason and then I don’t even know what became of the company. Seems almost non-existent now. so get out while the gettin’ is good fella
I’m still up on ZOM, but I got in on INCC way late. Took a loss on that. For like a almost a week it was just completely flat, no changes, so I started researching it and could hardly find anything on it, so I pivoted into something else.