Interview · moment 28 of 30
Buying a House That Appraised Below Asking Price
from #251 - Dirty Little Animals (ft. Ray Kump) | The Tim Dillon Show · #251
2 min
Guest
Tim explains his new house appraised $100,000 under the purchase price and rationalizes it with theories about real estate comp lag, then jokes about buying back his old foreclosed house as a show gimmick.
- Tim's house appraised $100k below asking price because he signed an appraisal waiver and is now underwater on the deal.
- The appraisal doesn't reflect the actual market because recent sales haven't been recorded yet, with a two to three month lag.
- Tim acknowledges he's building a narrative in his own head to justify the purchase, hoping migration from New York and LA to Florida and Texas drives his house's value up.
- His first house purchase was a disaster but generated good stories for the show; he's hoping this one doesn't produce any cinematic horror he'd feel compelled to turn into a pitch.
- Buying his old house back at some point would be a good gimmick for the show.
Joe Roganreal estate marketAustinFloridaLos AngelesTexas