Low Appraisal in Hot Market – Does House Have to Appraise for Selling Price or Mortgage Amount?

Make Your Move Easier - Advice for People Selling or Buying a Home

Low Appraisal in Hot Market – Does House Have to Appraise for Selling Price or Mortgage Amount?
One challenge that a lot of home sellers are having in this hot Atlanta real estate market (and in other hot markets in the US) is that people are making offers on houses and then the house doesn't appraise for the sales price. If you're the person selling the house, that can be a big problem.
Learn about how appraisals work after you go under contract, what are the possible scenarios relative to appraisals and what happens if the house does not appraise for the sales price or mortgage amount.
If you’ve never sold a house before, or if it’s been a while, it might be helpful to see how the process flows overall. In this series, I’ve break down the process and decision points into smaller bits to help you know what to expect.
This episode is part 12 in the series. Listen to the other episodes to see what come before this step, and future episodes for what comes after!
For the Home Selling Guide mentioned in the episode, go to https://www.kellyvandever.com/pl/2147512295.