What Happens if Appraisal Comes in High?
Автор: Selling Boston & Beyond by Jeffrey Chubb
Загружено: 2021-04-12
Просмотров: 11134
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So what happens when an appraisal comes in higher?
Essentially nothing. It's a good thing in essentially the buyer has already created equity in the property, but it doesn't really impact the deal.
It doesn't effect the financing because a bank will take the lower of the appraised upon value or the agreed upon price.
Questions people sometimes ask and that we answer:
With the higher appraisal, do I get extra money or can I finance more?
Does the seller find out about the higher appraisal?
Can the seller charge me more?
https://www.boston2.com/blog/what-hap...
Jeffrey Chubb | Chubb Homes Team | 617-480-2600 | [email protected] | www.Boston2.com | Brokered by eXp Realty
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