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| 04/26/2022 |
One of the topics that we regularly get asked in today’s market is, “What happens if the home doesn’t appraise?”
It all depends on your area, price point, and what the market is doing. If you get multiple offers, you should negotiate so that there is no appraisal contingency. This way, if the home does not appraise for the full price, the buyer would cover the gap.
However, sometimes that’s not possible. The buyer and seller then have to negotiate and decide to meet in the middle, have the buyer cover the gap, ask the seller to meet the appraisal amount, or terminate the deal. In today’s market, when there are multiple offers, it’s key to make sure you get the appraisal contingency removed.
If you have any questions, don’t hesitate to reach out to us at (770) 634-9710. We look forward to hearing from you.
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©2022 Georgia Multiple Listing Service All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than CENTURY 21 Results may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2022 All rights reserved.
Northeast Georgia Board of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than CENTURY 21 Results may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2022 All rights reserved.