They happen-and can be a roadblock to your home sale. Here's how to give your deal a fighting chance if the appraisal comes in low.
If the appraised value comes in lower than the contractual purchase price, you may be able to renegotiate the asking price so that it falls in line with the appraised value of the home. Here’s the kicker. If you don’t have an appraisal contingency in the purchase contract, you’re obligated to buy the home regardless.
WeWork said it paid the founders’ company $5.9 million for “we” this year, based on a valuation determined by a third-party.
In Ghana though, older homes will generally come at a knock-down price as the society isn. This means that a home with a low appraisal value may be a good investment opportunity if the appraisal is.
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Franklin school leaders had considered selling part of the high school campus if the price was right and the future neighbor was a good fit, but no sale is planned – for now. The idea was nixed.
That means some will see a lower bill this year. Others, as a result of a higher valuation placed on your property by the.
If the appraisal comes in low and all else fails, a buyer can cancel the transaction and receive back their earnest money deposit. However, buyers should be aware of contingency deadlines. For instance, a 10-day appraisal deadline means that the appraisal must be performed within 10 days after the contract ratification date.
Always talk with your loan officer about their policies and be sure to get this agreement in writing, in case the appraisal comes in lower than expected. Bottom Line. Sometimes it takes a low appraisal for a seller to become convinced that his/her house is overpriced. If it is, the asking price should come down.
My appraisal came in lower than my offer, now what? Find answers to this and many other questions on Trulia Voices, a community for you to find andGet answers, and share your insights and experience.