What happens when seller and buyer agree on a price but the appraisal come in lower than the agreed-upon amount?
The deal can fall through if the financing is not completely approved. This is why you see the words "Sale Pending" on some listings website and yard signs.
Approximately 10 % of real estate agent report on a monthly basis that a low home appraisal negatively impacted a sale, according to the National Association of Realtors.
Here are some ways that sellers and buyers can protect themselves from a low appraisal.
The Buyer:
Provide a list of comparable in the area that supports your price.
Meet with the appraisers at the property and ask questions about the process
When receiving a low appraisal, follow up and ask questions. The appraiser or supervisor may have overlooked the newest information.
The Seller:
You can have an appraisal done before you list your home. In a sellers market where some buyers are making offers significantly above the listing price, sellers need to understand how critical the appraisal is to closing the deal.
Use an appraiser that is qualified and has a membership designation such as SRA or MAI from the Appraisal Institute.
Make sure the appraiser is comparing you home to the latest data about homes just sold in your area. Also highlight any improvements to your home or landscaping that may positively affect the selling price.
Property Search
RSS Feed
Search Blog
Recent Blogs
Selling Your Home As Is To A Local Cash Investor - You may be going through a
Full Service Listing With Me - Use the experience of a licensed
Selling A Vacant Home For Only 1 Percent - Great for investors who just
DoItYourself DIY Sellers - Only pay for what you NEED to sell
Our Bloggers
Alex Altaly - 8
Semion Androne - 7
Jerome Ball - 18
Surya Basava - 2
Swella Bingham - 18
Gary Brown - 2
Edward Budnek - 3
Erin Claxton - 1
Jason Crouch - 1
Hossam Elsayed - 10
Torre Escott - 2
Tyler Finkler - 4
Jennifer Gonzalez - 7
Kristen Heap - 2
Ayesha Isaac - 1
Ron Johnson - 8
Chris Johnson - 8
Denis Joseph - 2
Lori Kempton - 2
Rose Nassar - 4
Dennis and Laurie OBrien - 7
Candace Rebecchini - 23
Chris Russell - 95
Alison Segrest - 5
Jim Sfarnas - 27
Christina Strickland - 11
Meredith Thomas - 1
Javaria Usmani - 1
Karin Waterschoot-Perez - 77
This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.
Click 'Save' to add a property to this list.New & returning visitors please enter your information to login.
This message will go directly to the head of our team.
Español
Francais
Deutsch
Italiano
Portugues 
Chinese 
Russian