What if the Appraisal Comes in Low?

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What Happens If the Home Appraises for Less Than You Offered?

It doesn’t happen all the time, but buyers should understand the possibility of an appraisal gap before making an offer.

If the appraised value comes in below the purchase price, that difference has to be addressed.

Depending on your purchase agreement, financing, and negotiations, the seller might agree to reduce the price, the buyer may need to bring additional money to closing, or another solution may be negotiated.

That’s why I believe your financing strategy should be established before your Realtor writes the offer.

If additional cash suddenly becomes necessary, you should understand how that affects your savings, financing, and overall homebuying plan before making a decision.

Know your numbers before you negotiate.

For more information Click Here

209-227-7745
559-476-9279
rbrtclark53@gmail.com
RobertClarkLoans.com

Robert “Rob” Clark | Home Loan Consultant
NMLS #357788
Firestone Financial Group | NMLS #301522
CA DRE #01148307
Equal Housing Lender

Educational information only. Appraisal results and purchase-agreement provisions vary. Seller contributions and allowable costs are subject to loan-program, lender, investor, appraisal, and purchase-agreement requirements. All loans are subject to credit and property approval and applicable underwriting requirements.