How we handle low appraisals on both the buying and selling sides.
What happens when an appraisal comes in low? It could prevent the bank from financing a deal or kill the deal for a buyer. However, we have a few ways to handle low appraisals.
On the buying side, we pull as many contingencies as possible so your offer is competitive. We make sure our buyers have enough money down so that if there’s a difference between the appraised value and the contract price, they can make up that difference. For our sellers, we take the highest offer with the best terms and add in a cushion clause. For one house, we said that if it didn’t appraise, the buyer would pay an extra $50,000 above the appraised value.
There are a lot of different techniques you can use on the selling and buying sides, and we’re very good at all of them. You will be in great hands whether you list with us or you’re looking to buy.
If you have any questions, please feel free to email us. We would love to help you.