10/13/2026
📌Under contract!!
After negotiated repairs (which we have done) comes the appraisal. If the appraisal comes in higher than contract purchase price, then that is great for the buyer. If it comes in lower than contract price, then the seller will accept appraised value and in turn purchase price will be the appraised value or the seller may want to negotiate on price. The buyer’s mortgage is often dependent on the  appraised value and will not loan money over appraised value. There can be many variables for a solution to this situation depending on Market volatility. 
Use your favorite Agent to walk you through the steps to homeownership. They know how to write a correct contract, they know the pitfalls to avoid, they know the timeline so that you can trust that everything is being taken care of without worrying that you’re missing something, they can help you with so many situations that arise between buyers and sellers with knowledge and past experiences. We all say that no deal is the same, and there is always something different in every transaction! 
Praying for a great appraisal🙏🏻
Please reach out if you would like to discuss listing or buying a home. I love to sit down and talk through the process and answer questions. If you’re curious about the value of your home, I can offer a market analysis to you at no cost. It goes beyond what Zillow or Realtor.com can offer. There’s more to the value of your home, such as updates, changes in square footage, location, etc.… it’s hyper local analysis that is the key 🔑 
Amy Murrah
BHHS McLemore & Co., Realty ☎️901-701-7555
📱901-461-4370
www.amysells901.com 
Lifetime Multimillion Dollar Club member
MMDC, 2 year director
BHHS Luxury Specialist
#901