Quote of the Day - With Attitude!
There is a time to let things happen and a time to make things happen
What’s a Home Worth??? Your Home Seller) Your Future Homr (Buyer)
Advice for Sellers
If the appraisal value is unacceptable, cancel the contract and put it back
on the market. New buyer, lender and new appraiser could deliver
different results.
Offer to pay for a new appraisal or ask buyer to change lender.
Do your homework, know what other units in your building, subdivision
or neighborhood have sold for ask the real estate agent to provide
materials detailing these rules.
Advice for Buyers
Buyers can cancel the contract without penalty, as long as the contract is
contingent upon the property appraising for contract price.
Buyer could use the appraisal as leverage to negotiate a lower price.
The Buyer has a right to rrequest a copy of the appraisal and challenge
the apprasiser’s report with new data.