Appraisal Came in LOWER than SALES PRICE!? What happens when a property appraises less than the purchase price on the contract? Stay tuned to learn more! To schedule a call with Nicole click on the link below: calendly.com/n...
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@GorillazGames7 ай бұрын
I figured I'd ask Let's say a buyer comes in gets an appraisal it appraises for lower than what the house is listed. The seller isn't willing to budge and the buyer isn't willing to pay what the seller is insisting it costs. They both part ways. Then another buyer comes in. Does he have to re-appraise, even though the house has been appraised already?
@georgiacoasthomes7 ай бұрын
It depends on the type of loan. Some remain attached to the house for six months, and some do not.
@GorillazGames7 ай бұрын
@@georgiacoasthomes Would the buyer that came in "after" the house was appraised be made aware of the appraisal made prior?
@prayonkreutz23982 ай бұрын
If it was a Govt backed loan
@mothmanmothman49092 ай бұрын
I'm worried that we'll have a lazy appraiser and he'll just use comps. I live in the country and also most dont have big fancy houses. Mine is not fancy either but its pretty nice with some acreage. When I look online I only see one house in my area thats comparable. Now you're telling me the appraiser works for the lender!