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What happens if a home appraisal is lower than the buyer’s offer? ... Say a buyer has made an accepted offer and signed a purchase and sale agreement to pay $300,000 for a home. But then the ...
If the appraisal comes in low — that is, if the appraised amount is lower than the loan amount — that appraisal gap will have to be made up by the buyer, or it may even derail the deal.
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Credit unions like Navy Federal and PenFed may offer no-appraisal home equity loans and HELOCs to members. Since credit unions are member-owned, they may provide more flexible lending criteria and ...
Liquidation value is typically lower than fair market value. [1] Unlike cash or other available liquid assets, certain illiquid assets, like real estate, often require a period of several months in order to obtain their fair market value in a sale, and will generally sell for a significantly lower price if a sale is forced to occur in a shorter ...
A home with a low appraisal represents a higher risk for the lender because you could end up underwater on the new mortgage. If you get a low appraisal, there are a few things you can do. First ...
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