From David's @BeachCitiesRealEstate Page on FB
Monday, May 24, 2010
Home In Escrow but Won't Appraise?
One of a buyer's key purchase contingencies is the appraisal contingency. If you're asking considerably more for your home than your Realtor advised, and manage to get into escrow for close to that amount, you might be at risk. But what if your home is reasonably priced and still doesn't appraise for the agreed-upon purchase price? Then you're going to need a truly knowledgeable Realtor (or with you had one!) to help fight back against a low home appraisal.- David
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