5 Next Steps When The Appraisal Comes In Too Low
We recently came upon a very informative article about what steps a buyer can take when an appraisal comes in too low.
In short, those steps are:
1. Appeal errors or bad comps to the appraiser.
2. Ask for a second opinion.
3. Rengotiate the terms of the purchase contract.
4. Pay the difference or split the difference.
5. Change lenders.
For a more detailed analysis, Schern Richardson Finter Decker has attached a link to the article here for your convenience.