Recent content by EliRiver

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    Would you cap the appraisal gap at AED 156,000 on a AED 5,028,000 offer?

    I slightly disagree with keeping every condition at maximum strength. If the completed comparables support a value reasonably close to the offer and the property fits a long-term need, accepting a defined AED 156,000 gap can be rational. I would still retain inspection protection. The mistake is...
  2. E

    Would you cap the appraisal gap at AED 156,000 on a AED 5,028,000 offer?

    One caution: lowering the headline offer does not necessarily solve the financing problem if it still exceeds the eventual valuation by the same amount. Work backwards from the lowest valuation you can reasonably tolerate, the cash available after all other purchase costs, and the amount that...
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