Buyers Paying Over Asking Price? Get an Appraisal Gap Guarantee
HomeLight
NOVEMBER 1, 2021
But if the home appraises low (below the purchase price), the buyer will have difficulty securing a loan for the property without bringing extra cash to the sale or renegotiating the price. In a hot market, the seller’s agent may have backup offers and eager buyers waiting in the wings to snatch up the home. The bottom line.
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