Davidson Realty, Inc.

When Appraisals Fall Short, There Are Options For Homebuyers

November 4, 2014

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Posted by in News

As Realtors, we are asked a lot of great questions by buyers. One of the most common is, “What happens if the appraisal comes in lower than the contract price?”

Yes, this does happen from time to time and it can be frustrating, but rest assured it’s not necessarily a dead end!

Appraisals can certainly vary depending on the appraiser’s knowledge of the neighborhood and dedication to finding the best comparable properties. That dedication can depend on the lender they work for (note: bigger isn’t always better). Read more

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