2 years ago, market values hit an artificially inflated all time high. Many would be sellers are still clinging to those numbers in hopes of making a fast buck. Not always, but generally speaking, appraisals are closer to real market values than most "asking prices". With current loan fiascos galore, and a crashing housing market, don't look for appraised values to jump back up any time soon.
A house is one of, if not THE biggest single investment most people ever make. Buying at higher than appraised value will start you off with negative equity. NOT a good way to invest. God forbid anything going wrong in your life, but should events force a sale of the property any time soon, you'll be unlikely to recover your investment. There's a BUNCH of folks in this country suffering through that "upside down" equity situation right now. Go ask any of those folks what they think about paying more for a house than it's actually worth.
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Today's Featured Article - Product Review: Black Tire Paint - by Staff. I have been fortunate in that two of my tractors have had rear tires that were in great shape when I bought the tractor. My model "H" even had the old style fronts with plenty of tread. My "L" fronts were mismatched Sears Guardsman snow tires, which I promptly tossed. Well, although these tires were in good shape as far as tread was concerned, they looked real sad. All were flat, but new tubes fixed that. In addition to years and years of scuffing and fading, they had paint splattered on
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2022 John Deere 5045E, 4wd, front end loader and 3rd function with grapple. 120 hrs, 55k new, must sell
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