appraisal: Appraisal Lower Than The Purchase Price? - 04/24/08 06:14 AM
Uh oh! What happens if after you've made an offer on a house and you're now working with your lender and their appraiser came in with a value less than the purchase price?
This has happened on many occasions and hopefully your agent has put in the contract a provision that deals with this eventuality. Since you cannot get a loan for more than the appraised value, and the seller will have a difficult time finding another buyer who is willing to pay more than the home is worth, it is in the interest of both parties to try to work this … (6 comments)

 
Linda S. Lane (Dilbeck Real Estate Real Living)

Linda S. Lane

Altadena, CA

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Dilbeck Real Estate Real Living

Address: 225 E Colorado Blvd, Pasadena, CA, 91101

Office: (626) 786-1231

Mobile: (626) 786-1231



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