realtor assisting first time home buyers: What happens if the home I'm buying doesn't appraise?
- 11/12/15 10:34 PM
Once the price and terms are negotiated and you're under contract for the purchase of your new home, one of the next steps is your mortgage person will order an appraisal to determine that the home is worth at least the contract sales price. We Realtors breathe a lot easier once the appraisal comes back, as appraisals are so subjective.
If the appraisal comes in lower than the contract price, your lender will inform you, the buyer, that the value came in less that the sales price. The lender cannot loan you more than what the appraiser says that it's worth. Here … (1 comments)
realtor assisting first time home buyers: Those that helped make this dream a reality - Tampa
- 03/04/10 02:03 AM
There are no words for all the hard work and effort you both put into helping me buy my first home. The experience was wonderful and I could not have asked for better individuals to help me make this dream a reality. I was able to utilize my VA loan, since I had served in the US Navy for 9 years and Craig handled the process with total professionalism and made it very easy for me. I am a single mother of two wonderful children and Stephanie was in tune with my needs and made this a seamless process. I … (2 comments)
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Stephanie LeFew
Making Real Estate Easy for You-It's all about You
Once the price and terms are negotiated and you're under contract for the purchase of your new home, one of the next steps is your mortgage person will order an appraisal to determine that the home is worth at least the contract sales price. We Realtors breathe a lot easier once the appraisal comes back, as appraisals are so subjective. 
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