The Real Estate Encyclopedia
What if my house doesn't appraise to the agreed upon price?
Category - Home Selling Questions - Selling Legal & Closing FAQ's
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.


References


External Links
www.affordablelistings.com
 
 
Category(s)
Home Selling Questions - Selling Legal & Closing FAQ's
Home Selling Questions - General Home Selling FAQ's
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