09/23/2021
It happens from time to time. The home appraisal comes in LOW
With how quickly this market is appreciating, comparable sales can be lagging, which causes what we call an “appraisal gap.”
What can you do in this situation?
IF YOU’RE A BUYER:
✅ Submit recent comps to your appraiser for consideration
✅ Add appraisal gap coverage to your offer
✅ Waive the appraisal contingency (in some cases)
IF YOU’RE A SELLER:
✅ Don’t accept an offer solely on price
✅ Look at a buyer’s mortgage qualifications
✅ Look at conditions – such as waived contingencies
Read our latest blog post to learn more about how appraisals work and the benefits and risks involved with these competitive tactics. 👇🏻
https://floridalife.net/2021/09/22/9-tips-for-buying-and-selling-your-home-at-the-same-time/
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