{"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":"

\n<\/p>\n

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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 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 to a happy solution. \u00a0 Get a second opinion: […]<\/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_hide_featured_image":false,"_jetpack_featured_image_duplicate_dismissed":0,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"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_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. Home appraisal is the process aimed at determining the true market value of a house, so that the mortgage company or a bank receives the unbiased estimate of what the property the buyer is trying\u2026","rel":"","context":"In "Property owner"","block_context":{"text":"Property owner","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/property-owner\/"},"img":{"alt_text":"Home appraisal","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/02\/Home-appraisal.jpg?fit=900%2C588&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/02\/Home-appraisal.jpg?fit=900%2C588&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/02\/Home-appraisal.jpg?fit=900%2C588&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/02\/Home-appraisal.jpg?fit=900%2C588&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":2876,"url":"https:\/\/amazingproperty.com.ng\/blog\/should-you-order-an-appraisal-before-you-list-your-michigan-home\/","url_meta":{"origin":2472,"position":2},"title":"Should you order an appraisal before you list your Michigan home","author":"Amazing Property","date":"March 31, 2022","format":false,"excerpt":"Should I order an appraisal ? Sure! The goal is to list your home at the right price. How do you arrive at\u00a0the right listing\u00a0price for your Michigan home?\u00a0 It is a fine line between listing it too high and the right price.\u00a0 If you list it too high your\u2026","rel":"","context":"In "Property buyer"","block_context":{"text":"Property buyer","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/property-buyer\/"},"img":{"alt_text":"order an appraisal","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/03\/order-an-appraisal.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":3833,"url":"https:\/\/amazingproperty.com.ng\/blog\/is-this-the-best-sellers-market-ever\/","url_meta":{"origin":2472,"position":3},"title":"Is This the Best Seller's Market Ever?","author":"Amazing Property","date":"April 25, 2017","format":false,"excerpt":"The inventory squeeze has left home buyers with fewer options on the market than they've seen in decades. While that's bad news for them, the continuously high demand means it's one of the best times to be a seller\u2014ever. \"I've been selling real estate for 25 years, and this is\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":"","src":"","width":0,"height":0},"classes":[]},{"id":2314,"url":"https:\/\/amazingproperty.com.ng\/blog\/energy-efficiency-weighted-more-in-appraisals\/","url_meta":{"origin":2472,"position":4},"title":"Energy Efficiency Weighted More in Appraisals","author":"Amazing Property","date":"March 21, 2017","format":false,"excerpt":"Energy efficiency scores will soon be included on appraisal forms in a handful of states. Builders are applauding the change, saying that will help give more credit for energy-saving features. Read more: Why the Word 'Green' Doesn't Really Matter A collaboration between the Residential Energy Services Network and the Appraisal\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":"","src":"","width":0,"height":0},"classes":[]},{"id":2669,"url":"https:\/\/amazingproperty.com.ng\/blog\/appraisals-can-be-challenged\/","url_meta":{"origin":2472,"position":5},"title":"Appraisals Can Be Challenged","author":"Amazing Property","date":"March 28, 2017","format":false,"excerpt":"Question: We are refinancing our home to replace an adjustable rate mortgage with a good fixed rate loan. Unfortunately, the appraisal came in low and when I received the copy from the mortgage company I noticed many errors, some of which are significant.\r \r For example, the appraisal statet my\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":"","src":"","width":0,"height":0},"classes":[]}],"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","_links":{"self":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/2472","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/comments?post=2472"}],"version-history":[{"count":1,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/2472\/revisions"}],"predecessor-version":[{"id":90443,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/2472\/revisions\/90443"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media\/2473"}],"wp:attachment":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media?parent=2472"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/categories?post=2472"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/tags?post=2472"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}