3 Things to Consider if Your Home Appraisal Came in for less than the Agreed-Upon Price
November 21st, 2023
Talk about a headache!
Nothing can throw a wrench in a seller’s plans quite like an appraisal coming in too low — most traditional buyers use loans from banks which means they won’t be allowed to finance a property for any price that’s higher than the appraisal.
If your home's appraisal comes in lower than the agreed-upon price, don't worry — it may still be possible to sell the home.
Here are a few things to consider:
Ask the buyer if they're willing to pay the agreed-upon price anyway.
If the buyer is unwilling to pay the agreed-upon price, ask them to submit a new offer that's based on the appraised value.
If the buyer is unwilling to pay the agreed-upon price or submit a new offer, consider lowering your asking price to match the appraised value.
Or maybe you want to cut to the chase and sell your home without the headache of appraisals, inspections, agents, and flaky buyers…
If that’s the case, give us a call at (904) 342-3216. We’ve been buying and selling homes in Jacksonville for quite some time now.
We can make you a fair cash offer within 48 hours, close in as little as two weeks (you pick the closing date!), and we’ll even pay all closing costs!
Call us at (904) 342-3216 to learn more about how we do it!