If the loan is smaller, the buyer will have to find an alternative means of paying the purchase price. … Therefore, when the buyer is financing the home’s purchase, waiving the appraisal contingency is typically not recommended. In some cases, however, a buyer may consider a waiver in order toRead More →
10. Who Should Be at The Appraisal? The appraisal should be attended by the appraiser and the seller’s real estate agent. The homeowner, if possible should not be home during the appraisal process. Can seller be present during home appraisal? The bottom line is that it is o.k. for theRead More →
The Appraisal Is Too Low A lender cannot lend more than the appraised value of the home. If the appraisal value comes back lower than the sale price, you’ll either need to pay the difference out of pocket or renegotiate to a lower price. If you can’t do either, yourRead More →