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. Appraisal gaps happen for the following reasons: In a hot market, market values rise faster than recent sales for comparable homes in your area.
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