Tag Archive for: appraisal shortfall

“It’s Raining Low Appraisals” Why & What To Do

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We have seen an onslaught of low appraisals recently. The primary reason is that the market is heating up in some areas – so offers are coming in that are higher than all of the closed comparable sales in the immediate neighborhood.Read More

Low Appraisals – 6 Options When Appraisals Come In Low

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Whenever an appraisal comes in under contract price, we work quickly to consider all options with both agents and buyers, and we can usually resolve appraisal issues within a day if everyone is responsive.Read More

5 Options When Appraisals Come In Low

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We are seeing homes continue to sell for way over listing price and over all of the prevailing comparable sales in the neighborhood, I thought I’d send out this blog again (as I am certain we are going to start to see more low appraisals).Read More

Correlating To Borrower With The Lowest Credit Score

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We received negative feedback from a frustrated borrower last week because we correlated our interest rate quote to her husband’s lower credit score (low 600s) when her score was in the 800s.Read More

Appraisal Comes In Low? Options

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When an appraisal comes in low, buyers have options. Learn how you can either renegotiate the price or cover the shortfall with extra cash to keep your home purchase on track.Read More