Buyers Paying Over Asking Price? Get an Appraisal Gap Guarantee
HomeLight
NOVEMBER 1, 2021
In a hot market, the seller’s agent may have backup offers and eager buyers waiting in the wings to snatch up the home. If the seller’s agent has other offers on the table, and the appraisal comes in low, the buyer will be motivated to come up with the difference rather than negotiate a lower price. The bottom line.
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