It’s a nightmare situation: You’ve spent months searching for your dream house, finally get an offer accepted, and then … the house doesn’t appraise for the agreed-upon price.
Now what?
Take a deep breath
It can be very stressful for both buyers and sellers if a deal falls apart because of the appraisal. But you’re not alone. Low appraisals happen more often than you might think,…
Category
Appraisals
Low Appraised Value: What to Do?
8 Tips To Improve Your Home Appraisal
(Reuters) – When Kellie and Michael May decided to refinance their home in the New York suburbs, they wanted to take advantage of historically low interest rates. But before landing a new 30-year fixed-rate mortgage, they had to get through a home appraisal.
“It was a major stumbling block,” says Kellie May, who has owned the 4-bedroom, 3-bath colonial for seven years. Not that she and her…