• Home
    • Blog
    • What to Do When an Appraisal Comes in Low

    What to Do When an Appraisal Comes in Low

    If an appraisal comes in low when you’re buying or selling real estate, what should you do? Let’s discuss.

    Many of you likely know someone who has been faced with a low appraisal during a real estate deal, as this situation isn’t terribly uncommon. Assuming you work with an experienced Realtor, it isn’t likely that this will happen to you, but what should you do on the off-chance that it does?

    There are actually a few ways this can be resolved.

    First, the seller can reduce the price to match the appraisal. Second, the buyer can offer to pay the difference. Or, as is often the case, the buyer and seller can each pay for half of the difference. The deal could fall apart altogether, but this would only come to pass if the buyer and seller were unable to meet an agreement on how to handle things. 

    If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.

     

    Need help? Call Keller Williams The Trembley Group at 843.945.1880 ext. 1 and we’ll help you look for the perfect listing or buyers agent!

    At Keller Williams The Trembley Group, we pride ourselves on being the experts at more than just selling real estate. We are local residents, some of us have been here for a lifetime. The rest of us will be here until the end of time. We love living, working, and playing in the diverse backyard of Coastal Carolina, and look forward to helping you live and love your dreams soon too. Please reach out to us by phone or email for personalized service and one-on-one advice. 

       

    Trackback from your site.

    Leave a Reply

    About our blog

    Our agents write often to give you the latest insights on owning a home or property in the Myrtle Beach, SC area.
    zillowpremierbadge
    Reviews on Zillow
    3113255
    "I Have worked with Brad several times on various projects. He is by far the most professional, knowledgeable representative I have ever used. His ... more "
    5.0/5.0
    by petrou97
    3111767
    "Brad exceeded all expectations during our search and purchase of a property. Being from out of town, it was difficult to be present in Myrtle Beach as ... more "
    5.0/5.0
    by zuser20170112074219615