What Happens When an Appraisal Comes in Low?
Channel: Melinda Elmer
Date: 2021-05-04

In a rapidly appreciating market, appraisals often come in low. Appraisers look at past sales to justify a home’s value and can’t quite keep up with what homes are selling for right now. The good news is that you have plenty of options if an appraisal comes in low. Sellers are in the driver’s seat in this market, which means that buyers will often have to come with a little extra cash to cover the gap between a low appraisal and the agreed-upon purchase price. To learn more about how low appraisals can be handled, watch this short video.

Learn more: https://blog.chime.me/www-theelmerteam-com/2021/04/19/what-happens-when-an-appraisal-comes-in-low/

Buying a home? Check out our free home search: http://melindaelmer.com/idx/listings/our-listings/

Selling a home? Check out our free home value report: http://melindaelmer.com/sellers/

Melinda Elmer
The Elmer Team
66621 E. Pacific Coast Highway
STE 150
Long Beach, CA 90803
Phone: 562-316-2915
Alt. Phone: 562-316-2995
Fax: 562-961-1401
melinda.elmer@gmail.com

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