September 13, 2022

What Happens if the Appraisal is Lower than the Offer?

What happens if the appraised value of the house you're selling comes in too low? In addition to ensuring there are no safety hazards at a home, the bank appraiser is also making sure that the home value is at least what a buyer and seller agree too. This isnʼt always possible though. If an appraiser determines the value of the subject property is lower than the agreed purchase amount, there...