Your Name:
Your Email Address:
To: (Email)
Subject:
Message:
Email Preview:

Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

Some Solutions if Your Ann Arbor Home You are Buying Does Not Appraise?
Some solutions if Your Ann Arbor Home You Are Buying Does Not Appraise? The first thing to do if the Ann Arbor home you are buying doesn’t appraise is to not panic.
You are excited and have made an offer on a home for sale in Ann Arbor, and now you are in the process of obtaining financing for your new Ann Arbor home. The bank or mortgage broker is going to want an appraisal on your home to guarantee that the home is worth what you are paying.
When we are representing buyers on a the purchase of the home in Ann Arbor, we write into the contract, “the purchase price must meet the appraised value of the home.” (even if you are paying cash.)
In this market, seriously… many homes do not come in at the Purchase price on the contract for Appraised Value.
How does a low appraisal affect you? If the home does not appraise, then there is room for more negotiation with the sellers.
If the appraisal comes in lower than purchase price, you have some options 1) You can walk away from your Ann Arbor Home, because the appraisal contingency is part of the contract, and if the property ... more

__________________________________________________
Are you on The Rain? Grow Your Network!




Spam prevention