Tag Archive for: appraisal

Appraisal Comes In Low? Options

/in ,
“Remember all those smart folks who said rates were going higher this year? Well, so far they’re dead wrong”This quote is from Rob Chrisman’s mortgage blog: “Remember all those smart […]Read More

Appraised Value Higher than Contract Price? Irrelevant

/in ,
We are financing a condo purchase in Newport Beach and the appraisal came in $13,000 over the contract price. This was a big surprise, given the strength of the current […]Read More

Waiving Appraisal Contingency? More Down or Switch to FHA

/in ,
Appraisals are used to estimate a property’s value. Appraisers use the property’s location, condition, and the current market to determine its appraised value. The Appraisal Contingency allows the buyer to walk away from the purchase contract if the property’s appraisal comes in lower than the contract price and the seller is unwilling to come down from the contract price.Read More