When to use an appraisal contingency in real estate purchase – Another strategy is to have a second appraisal done and hope it comes in higher. However, the second appraiser could value the property at a lower price. Buyers purchasing in a multiple-offer.
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When Appraisal Comes In Low – architectview.com – Options if an appraisal is low Despite all the best efforts of the agents involved, sometimes an appraisal will come in low. At that point, the buyer has four options: Negotiate a lower sales price..
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My Home Appraisal Came In Too Low. Now What? – You have a few options, though, if the appraisal comes in low. Wait until a comparable home sells at a similar price Request that your buyer make up the difference in cash
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Redfin agent: Seattle’s housing crunch ‘can get worse’ – This is the most expensive seattle houses have ever been. It’s fairly uncommon to see an appraisal come in low. It happens from time to time, especially in a market like this. We can’t divorce.
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Why Are You Paying Appraisal Fees to Buy or Sell? – Appraisal fees should be shown to you up-front on your Loan Estimate or Good Faith Estimate, but the exact amount of the fee might be unknown when the estimate is created. You often pay those fees out-of-pocket using a check or credit card, but sometimes you pay for appraisals at closing.
What To Do When The Appraisal Comes In Low | Bankrate.com – What to do when the appraisal comes in low. Steve McLinden @bankrate . October 2, 2011 in Real Estate. Dear Real Estate Adviser,
FHA Appraisal Was Below Purchase Price: What Should I Do? – If the comps support the seller’s asking price, but the FHA appraisal still comes in low, then the home appraisal might be inaccurate. If the comps support the appraiser’s lower estimate, then the seller might be asking too much.