Your question here is should you pay $9000 over the appraised value? If the appraised value is the value that is what the house is worth. But you may see more in the home than just money. you seem to really like it. Ask yourself ... Is it worth 9000 out of your pocket to get this house? Are the other homes out there comparable? Is there another home you like? Do you absolutely want this hoe. Essentially you will be paying more than what it is worth but that value now is what it is worth to you.
In this market we are seeing values depleted, some are unbelievable buys and others just good buys. When you start paying more than what something is worth then it is a question whether you feel it is worth more... or not... "You "Really Love this house!" How much do you love it more than what it is worth. Is this the end, I've seen these linger on and on asking for more and more.
It was said here go back and ask the appraiser if they could raise the price, No can do ! You cannot ask an appraiser to raise their valuation. You can present proof and ask for reconsideration as long as you can provide evidence of more value. Maybe something was missed, using different comps, allowances for sq ft or lot size or location. But you cannot ask the appraiser to just raise the value. I think the response was actually referring to what I am saying here, provide for a reconsideration of value but you must provide some proof. And appraisers are not always agreeable, since their licenses are on the line but we all make mistakes, so a valid reason for reconsideration would have to be made.
Again the appraisal is not what is the problem here until you go for your loan, it is what is owed and what the jr lien holder is getting out of the deal here. http://goo.gl/ZlKNb
Sounds like the jr holder wants 10k to buy them out or maybe that is not what is actually being negotiated maybe it's just an offer to try to get jr holder to accept...
without knowing all the actions and what is being said it is hard to help. Your agent should have the answers.
We are all answering in the dark here. and it is not fair to you or your agent. but you question should yo be paying more than the appraised value? ? ? You and your family needs to determine the value now... Is it worth $10k more than it's real market value... the appraised value!
Weichert Realtors Turnersville