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| The Real Estate Encyclopedia |
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| What if my house doesn't appraise to the agreed upon price? |
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| Category - Home Selling FAQ's - Selling Legal & Closing
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| There are a couple of things that could happen. First, you could get another appraisal from a different appraiser. If that is not an option then there are basically three things that will happen. The buyer puts more money down to compensate for the low appraisal, the seller can lower the price of the home to compensate for the appraisal or finally, you can choose not to sell your home and wait for the market to catch up to the price you're asking. |
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Courtesy of HomeOwners Advantage and link that to their entry in the wiki which is at HomeOwners Advantage |
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