Request an Appraisal.

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If the buyer is purchasing your home with a loan, the bank will need for the home to be appraised. You want the home to appraise for the sale price or more, so pricing is a huge factor. Consider these scenarios:

IF THE APPRAISAL COMES IN AT OR ABOVE PURCHASE PRICE

Great! Closing can begin

IF THE APPRAISAL COMES IN BELOW PURCHASE PRICE

  • Renegotiate the sale price with the buyer
  • Have buyer cover the difference.
  • Cancel contract & re-list