Appraisal Comes In Low

Buyers: What To Do When Real Estate Property Appraisals Come In Too High or Low - REIClub.com About the author: The above Real Estate information on the how to challenge a low real estate appraisal on my home was provided by Bill Gassett, a nationally recognized leader in his field. Bill can be reached via email at [email protected] or by phone at 508-625-0191. Bill has helped people move in and out of many Metrowest towns for the last 29+ Years.

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A problematic appraisal is a typical fear among buyers and agents.. Whether in the form of a low appraisal value or a litany of mandated repairs, VA appraisal challenges can be alarming. VA appraisal problems can slow down the process and even force buyers to restart the house hunt.

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If the appraisal comes in low and does not require a reconsideration of value, the borrower is free to negotiate with the seller to get a price closer to the appraised value of the property. You can negotiate with the seller and see if there is any flexibility along those lines.

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 · Here are a buyer’s options when an appraisal comes in low: 1. Negotiate a price reduction with the seller. This option is often not viable in a competitive market like today’s, when sellers have ample back-up offers.

 · When the appraisal comes in low, there are a few different options for moving forward (or walking away.) Appraisal Contingency In Texas, the Third Party Financing Addendum , promulgated by the texas real estate Commission (TREC) stipulates that a property must meet the lender’s requirements for underwriting and appraisal to be approved for a.

If your home received a low refinance appraisal, don’t panic. Here are 6 steps you can take that could improve your results.

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 · In these cases, housing inventory may be so low, and prices are increasing so fast, buyers are willing to pay over appraised value. When the appraisal comes in low, there are a few basic options for the buyer. If using a realtor, the realtor will communicate the buyer’s desire to the seller. 5 Buyer Options for a Low Appraisal

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