What Happens If House Is Appraised Lower Than Purchase Price All Locations : Advice

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Tara-Nicholle…, Real Estate Pro in San Francisco, CA
Great article! Thank you. Regarding cure #4, you didn't mention a termite/pest c ... a house that is priced more than the cost to build and I WALK. When you buy a car, what happens ... Read more
Blogged Wed Nov 30, 2011 by Tara-Nicholle Nelson Home Buying Home Selling Financing
Dan Chase, Home Buyer in Texas City, TX
If this is helpful in making your decision please let me know. You have to do a ... if it will affect rent more or less than the price of buying a house. Rents will go up. Insurance and ... Read more
Blogged Mon Jan 18, 2010 by Dan Chase Home Buying
Barbara Van…, Real Estate Pro in Folsom, CA
WOW....I need a drink.... joeOh my gosh ... I've never been accused of dr ... that she told me that what the seller is doing is "house flipping" and it will be fine if we wait the ... Read more
Blogged Sat Aug 8, 2009 by Barbara Van Duyn Financing
Tracie Demars, Real Estate Pro in Clark County, WA
Know someone thinking about buying a home?  Upcoming home buyer classes are:Rem ... appraises for...unless the home appraises for less than what the purchase price is.  If this happens, the ... Read more
Blogged Sun Aug 24, 2014 by Tracie Demars General Area Home Buying Home Selling
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Tara-Nicholle…, Real Estate Pro in San Francisco, CA
On Seller Financing - Banks wont usually exercise the due on sale if the payment ... willing to sell at a lower price if the house meets the appraised value. Dianne SokolThanks for a well ... Read more
Blogged Wed Apr 6, 2011 by Tara-Nicholle Nelson Home Buying Home Selling Financing
Erica Ramus, Real Estate Pro in 17901
Erica:First of all I commend you on your ability to get the word out to property ... time. If you think your house is NOT worth what you paid for it, you should have an appraisal done ... Read more
Blogged Fri Jul 16, 2010 by Erica Ramus General Area
Carl Medford, Real Estate Pro in Fremont, CA
And to complicate the matter even further... We are seeing bad appraisals on sh ... percentage should be unacceptable, right? What if it was your purchase? Your father's purchase? There ... Read more
Blogged Wed Jun 9, 2010 by Carl Medford Market Conditions
Rudy Bachraty, Other/Just Looking in Fort Collins, CO
You may want to tell your readers that in Connecticut the Judge has the Final sa ... to the property upon receipt of less money than is actually owed.Example: If the unpaid balance ... Read more
Blogged Tue Feb 10, 2009 by Rudy Bachraty Foreclosure
Hank Miller -…, Real Estate Pro in Alpharetta, GA
Great article hammerin hank.....and the truth shall set us free! Sam ThompsonW ... PotterJohn, what if a particular market is primarily short sales and foreclosures? What then? Do ... Read more
Blogged Mon Nov 21, 2011 by Hank Miller - Broker... General Area Market Conditions Agent2Agent
Charles D'Al…, Real Estate Pro in 11210
What happens if you have asigned contract to purchase a piece of Brooklyn real ... appraisedvalue comes in lower than your agreed upon purchase price?   Unfortunately, that’s happening more ... Read more
Blogged Sun Jul 17, 2011 by Charles D'Alessandro Home Buying Home Selling Financing
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Ashlie Ducros, Real Estate Pro in Yorba Linda, CA
That is an excellent, very comprehensive article, showing a lot of factors which ... now is gumming up the lower price ranges. And I will bet more than a nickel on that probability. ... Read more
Blogged Thu Jun 4, 2009 by Ashlie Ducros Market Conditions
Karina Abad, Real Estate Pro in Hoboken, NJ
Excellent Blog! We too believe in pricing at current market value. It does not matter what you paid or w ... Read more
Blogged Wed Jul 7, 2010 by Karina Abad Home Selling
Scott Godzyk, Real Estate Pro in 03109
Scott Godzyk answered:
I'm a first time home buyer in Tampa, FL, what advise can you give me for it not to be stressful on my part? ...
Sam start by getting prequalified with a local and trusted loan officer and hire a good buyer broker who will guide you through each step of the buying process. Havuing a good buyer bri ... more
0 votes Share Flag Wed Mar 19, 2014 Home Buying in 33609
Sheryl Arndt, Real Estate Pro in California
Sheryl Arndt answered:
Appraisal came in too low
Speak with your agent and file a rebuttal to the appraisal with comparables to support the value.

http://www.under640ficoscoreloans.com/Pages/ContactSheryl.aspx
Sheryl Arndt, Real ... more
0 votes Share Flag Thu Jul 24, 2014 Home Buying in 95747
Shanna Rogers, Real Estate Pro in Murrieta, CA
Shanna Rogers answered:
Contract dilemma - What is the price of the house?
Hi McLovin,

The purchase price is $235K - as the contract stands. Now, the buyer will only get the $206K financed. So, they would need to pay the difference of $29K in cash. Howev ... more
0 votes Share Flag Fri Feb 1, 2013 Home Buying in Palm Springs
Ann Ryan, Real Estate Pro in 33178
Ann Ryan answered:
House was listed for $120.000, now, after 2 months of waiting the bank wants $134.000 as a minimum. What sho ...
Porrka, it sounds pretty normal. I see you having two options - accept the banks price, or walk away. You should discuss the pros and cons of this with your agent.
0 votes Share Flag Thu Dec 6, 2012 Home Buying in 33559
Rocky Dole, Real Estate Pro in Maricopa, AZ
Rocky Dole answered:
If a seller cancels a contract due to a low appraisal, can the buyer be reimbursed the appraisal & ins ...
This is an issue that you should ask your agent about. You may also want to talk to an attorney but I would start with your agent.
0 votes Share Flag Sat Nov 24, 2012 Home Buying in 85339
Anna Brocco, Real Estate Pro in Nassau County, NY
Anna Brocco answered:
Is it possible for someone to find out exactly what you owe on your house?0 .....
The question isn't very clear--the amount owed on the mortgage is between you and your lender. Keep in mind that online values are not always reliable, some may be inaccurate nor update ... more
0 votes Share Flag Sun Nov 25, 2012 Home Selling in New York
Eli Schneider, Real Estate Pro in Los Angeles, CA
Eli Schneider answered:
Would I lose my escrow money if I unable to get a mortgage due to the property appraisal coming back as & ...
Hi. I'm a REALTOR® with Keller Williams Larchmont. This is a tricky situation, and there are some important details that could swing this one way or the other.

1. Did you remove y ... more
0 votes Share Flag Tue Nov 20, 2012 Home Buying in 98033
LaTonya Mart…, Real Estate Pro in Nashville, TN
LaTonya Martin answered:
Can you earn equity from purchasing a foreclosed home?
Absolutely, you can earn equity from purchasing a foreclosed home. I work with several investors & first time home buyers, who have gotten some great deals in the last view months and ... more
0 votes Share Flag Sun Nov 11, 2012 Foreclosure in Nashville
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