Appraisal Contingency All Locations : Questions & Answers

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donna1524, Home Buyer in Columbus, IN
donna1524 asked:
If I had signed to buy a house for 107,000 can some one at this point out bid me and take the house? The appraisal came in lower and the bank said he would not loan 107,000 if the appraisal is lower. The appr ...
0 votes Share Flag Yesterday at 12:13pm Home Buying
Jamie Masters, Home Buyer in Dallas, TX
Jamie Masters asked:
conventional over cash offer? I put an offer on a house that has being sold as a result of a divorce. The owners are suing each other, they are a couple of payments behind. They are still occupying the house and sai...
0 votes Share Flag Yesterday at 6:24am Home Buying in 75209
ma174, Home Buyer in Seattle, WA
ma174 asked:
Offered above asking, now stressed about appraisal. We recently had an offer accepted on a home. We offered $30k over asking in ord ... . The appraisal is set for this week and I'm wondering how much I should worry about the appraisal ...
0 votes Share Flag Thu Jul 3, 2014 Home Buying in Seattle
dboyd1234, Home Seller in Fort Myers, FL
dboyd1234 asked:
How long should we wait to re-list our home? Our house went on the market about 1 yr. ago for a fair asking price (agent recommended based on CMA). Unfortunately, it did not sell (more problems with agents bringing clients who sh...
0 votes Share Flag Wed Jul 2, 2014 Home Selling in 33912
Ally Marino, Home Seller in Huntley, IL
Ally Marino asked:
Mortgage contingency and appraisal........ My contract states that if I am unable to secure financing, the contract will be ... short of the purchase price? Or, do you need a separate contingency put in place by the attorney? This ...
0 votes Share Flag Fri Jun 27, 2014 Home Buying in Naperville
tkoudman, Home Seller in 98273
tkoudman asked:
We are in the middle of selling our house. Our closing date is in 1 month and th ... appraisal still has not been done. Because we cannot ... secure a rental until the appraisal is approved, do we have any legal right to extend the closing date? ...
0 votes Share Flag Tue Jun 17, 2014 Home Selling in 11223
zaragolda, Home Buyer in Folsom, CA
zaragolda asked:
Can seller back out of contract due to low appraisal even if we included an addendum to purc. contrct ... value"? List price was $399,000 and we offered $410,000 but with the high p ... list price was higher then what the assumed appraised value would be, we included addendum/contingency ...
0 votes Share Flag Tue Jun 17, 2014 Home Buying in 95630
Michael, Home Buyer in Lone Tree, CO
Michael asked:
Pending listings? Does it make any sense to consider contingent or pending listings, or only active listings? If 'yes', how do you pursue them? I'm trying to do as much research and prep as possible to ID homes I would consider buying. does it make sense for me to even consider homes listed as pending, or are chances...
0 votes Share Flag Mon Jun 16, 2014 Home Buying in 92131
sandroquiros, Both Buyer and Seller in Boston, MA
sandroquiros asked:
Interested in buying property but not sure what to becareful of? I've been looking at this property and want to buy it but I notice there are a lot trees. What would it cost to get them cut? Also it needs a lot of cleanup? Is there anything el...
0 votes Share Flag Mon Jun 16, 2014 How To... in Boston
kperez, Home Buyer in Brea, CA
kperez asked:
Underwriter denies loan days before closing what can i do??????????????????????????????/ I am in the midst of my first home purchase, was pre-approved through our lender and now we are already late and had a extension for our close date and my lo is telling me that my loan ...
0 votes Share Flag Fri Jun 13, 2014 Home Buying in Brea
Deb, Other/Just Looking in 34474
Deb asked:
what happens when two houses, next door to each other, are for sale and one of the homes is in forclosure? How will the appraisal work for the non forclosure sale? The homes are the same but the forclosure home did ...
0 votes Share Flag Fri Jun 13, 2014 Home Selling in 30518
hwkeye05, Home Buyer in Fort Lauderdale, FL
hwkeye05 asked:
If the appraisal comes in lower than purchase agreement price, can the buyer walk (with deposit return)? ... Can the buyer walk away with a return of earnest money if appraisal comes in low AND IF the seller offers to ...
0 votes Share Flag Fri Jun 13, 2014 Home Buying in Boca Raton
JS, Home Buyer in 06443
JS asked:
Question on agents communications. Who talks to whom?? I am currently involved in a purchase transaction. We made an offer contingent ... mortgage. Theseller accepted. We had a pre-approval letter so basically we are waiting for the appraisal ...
0 votes Share Flag Tue Jun 10, 2014 Home Buying in 06443
Llou25, Home Buyer in Denver, CO
Llou25 asked:
Our lender didn't order the appraisal in time.The appraisal deadline was extended but seller wouldn't ... Do we have any recourse if Appraisal comes in lower than sales price?
0 votes Share Flag Tue Jun 10, 2014 Home Buying in Aurora
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