December, 2009 RSS Icon
Found 1 entry for December, 2009.

I have recently had a few appraisals come in low on both the sell and buy side and I’m sure I am not alone in saying that appraisals are very biased and hard to understand animal of the real estate transaction. To make a simple point two different appraisers can appraise the same property at the exact same time and come up with a completely different value. So what do you do as a buyer or seller in this situation?

As a buyer a low appraisal while uncomfortable since it may make you second guess your purchase is generally a good thing. Depending upon the circumstances at worst you will be able to cancel your home purchase and find another home since generally there is a “Appraisal Contingency” written into most real estate purchase contracts. If the

77 Views, 0 Comments
Read Full Post