Why are 561 Exchanges appraisals higher than the asking price?
A. 561 Exchange appraisals may or may not be higher than asking price. This depends on several factors. Seed of The World Foundation focuses on properties where the owners are really motivated to dispose of the property and not willing to wait for the right buyer while continuing to pay carrying costs and not focusing on their core business. Large properties in difficult or even in good secordary markets can sit for a long time until a buyer can be found. List price is generally adjusted below FMV to help move the property quickly. In these circumstances, the FMV appraisal will be higher and sometimes much higher than asking price.
