What If Appraisal Comes In Low For Buyer at Buying

What If Appraisal Comes In Low For Buyer. If you feel the appraisal is wrong, it’s time to appeal. The listing agent will typically ask if the seller will agree to reduce the price to the appraisal value, “which is.

Different appraisers may use different comparable sales to derive their value. An appraisal that comes in below your offer could require you to rethink the math. The buyer can increase their down payment to make up the difference.

Holy High Appraisal Fees, Batman! Please Warn Clients

When an appraisal comes in for one of my buyers, either at value or higher, i tell the seller’s agent that we are good on value and leave it at that. If the offer is lower than the value of the property, you have to weigh the above options. What if the appraisal comes in low for a buyer? Generally speaking, a lender will only finance 80% of the appraised value.