{"id":2472,"date":"2017-03-24T14:48:42","date_gmt":"2017-03-24T14:48:42","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/reliable-tactics-for-when-the-appraisal-is-low\/"},"modified":"2017-03-24T14:48:42","modified_gmt":"2017-03-24T14:48:42","slug":"reliable-tactics-for-when-the-appraisal-is-low","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/reliable-tactics-for-when-the-appraisal-is-low\/","title":{"rendered":"Reliable tactics for when the appraisal is low"},"content":{"rendered":"

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Few things in the home buying process<\/a> are more frustrating than having your offer<\/a> accepted, only to have the appraisal fall below your offer. But all is not lost! If the appraisal comes in below your offer, there are several tactics and strategies that can lead<\/a> to a happy solution.<\/p>\n

\u00a0<\/p>\n

Get a second opinion: Theres no need to take the appraisers estimate as fact. You can pursue a value appeal, or you can discuss a second appraisal with your prospective lender. Sometimes you can even get the seller to pay for the second appraisal, because they will be motivated to complete the sale. Your real estate<\/a> professional should be able to help you through the process of an appeal or a second opinion.<\/p>\n

\u00a0<\/p>\n

Renegotiate for a lower price: Unless the market is extremely hot, theres a good chance the seller can be talked down to the appraised value. Sellers often prefer to complete the deal, rather than putting the property back on the market.<\/p>\n

\u00a0<\/p>\n

If all else fails, resist the urge to pay more: Sure, paying more in cash to cover the difference between the loan<\/a> amount and the agreed upon sale price is tempting. Buying a home is an emotional experience, and you may think that this particular home is the only one that youll be satisfied with. Take a step back and consider searching for another property.<\/p>\n

\u00a0<\/p>\n<\/p><\/div>\n

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Few things in the home buying process are more frustrating than having your offer accepted, only … Reliable tactics for when the appraisal is low<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":2473,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[3],"tags":[695,4751,1403,12908,543,11971,41,84,219,61,12032],"class_list":["post-2472","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-owner","tag-agent","tag-amazing","tag-buy","tag-home","tag-home-buying-guide","tag-home-buying-process","tag-property","tag-real-estate","tag-realty","tag-seller","tag-the-home-buying-process"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/03\/cea0d36bb67ebb501e0791073750638e_M.jpg?fit=300%2C449&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":8047,"url":"https:\/\/amazingproperty.com.ng\/blog\/what-is-your-property-really-worth\/","url_meta":{"origin":2472,"position":0},"title":"What Is Your Property Really Worth?","author":"Amazing Property","date":"February 6, 2018","format":false,"excerpt":"Qustion. Over the years, I have been involved in questions dealing with the value of certain property. This has involved such diverse issues as appealing the County's assessment for tax purposes, obtaining a refinance mortgage to avoid private mortgage insurance, and recently challenging an IRS valuation of property we just\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"E571ef7780cee569cdb237f3fd43334a S.jpg","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/02\/e571ef7780cee569cdb237f3fd43334a_S.jpg?fit=424%2C254&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":707,"url":"https:\/\/amazingproperty.com.ng\/blog\/home-appraisal-how-it-works-and-how-sellers-can-improve-it\/","url_meta":{"origin":2472,"position":1},"title":"Home appraisal: how it works and how sellers can improve it","author":"Amazing Property","date":"August 8, 2022","format":false,"excerpt":"\u00a0 Home appraisal is less expensive than inspection it costs about $300 dollars on average. 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