Home Selling | Our Blog

Thursday, August 29, 2019   /   by Alexander Haigh

So the Home Didn’t Appraise—What Happens Now?

What if a property doesn’t appraise? 
 
There are a few ways a transaction can unfold following this event, and how it impacts you depends on whether you’re a buyer or a seller and what your circumstances are. 



If you’re a buyer paying cash for the home, you probably don’t want to add an appraisal contingency because you’re already in a strong position to pay less than its market value and receive favorable terms from the seller. If you’re a seller in this situation, you’re probably OK with accepting a cash offer without an appraisal contingency because you’ll have a good idea of what your property is worth and you’ll be able to take advantage of other benefits this offer provides.
 

   Whether you’re a buyer or a seller, you want to work with an agent who understands both sides of the transaction.



Let’s say you’re a buyer using financing to b ...

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  real estate, home selling

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All listings featuring the RPBGFL MLS logo are provided by the Realtors of the Palm Beaches and Greater Fort Lauderdale, Inc. and BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2018 Realtors of the Palm Beaches and Greater Fort Lauderdale Inc. and BeachesMLS, Inc.