Tag Archive for: low appraisal

“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

Appraisers Can’t Ignore “Bad” Comparable Sales; Agents Shouldn’t Either

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AGENTS WERE LIVID WHEN APPRAISAL CAME IN LOW We recently had an appraisal come in $25,000 under contract price – and the agents were irate! They sent us comps that […]Read More

Covering Appraisal Shortfalls

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In January, I blogged about 5 Options When Appraisals Come In Low: 1) Rebut the appraisal; 2) Bring in the extra cash necessary to make up the appraisal shortfall; 3) Change financing to a lower down payment option, to free up cash to make up the shortfall; 4) Negotiate a price reduction with the seller; and 5) Order a new appraisal.Read More

5 Options For A Low Appraisal

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When an appraisal comes in low, it doesn’t have to derail a purchase. Buyers have options: negotiate with the seller, bring in extra cash, rebut the appraisal, adjust financing terms, or request a new appraisal in cases of serious quality issues.Read More

Switching to FHA or 80/10/10 If Appraisal Comes In Low

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We often have buyers make offers with no appraisal contingencies as a necessity in competitive situations. We remind those buyers that they have several options if their appraisal happens to […]Read More