Low Appraisals and Appraisal problems are causing a lot of headaches for sellers, buyers and agents. For a look at one customer’s problem with an appraisal and some practical solutions to solve the matter, CLICK HERE.
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Low home appraisals are becoming a huge obstacle for homeowners and sellers.
After years of succumbing to pressure to inflate appraisals for greedy lenders, anxious to make loans, it seems that appraisers have done an “about face”. Now, the biggest obstacle to selling a home or refinancing one is the appraisal. Like with all back lashes, it seems that the recently lax appraiser has now “over corrected” the problem to the determent of the housing market.
To read more about how to address low appraisal issues, Click HERE.
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Finally, the house is under contract. The inspections are done. Repairs have been negotiated. Everyone is ready to move…then, the buyer’s appraisal comes in below the agreed upon sales price.
Don’t Panic. It’s Not the End of the World. Read this helpful article about how to keep the deal alive.
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