Rookie Reply: What To Do When an Appraisal Comes Back Low?
Rookie Reply: What To Do When an Appraisal Comes Back Low?
Abstract
This week's question comes from Mantas on the Real Estate Rookie Facebook Group. Mantas is asking: My buddy placed an offer substantially above asking price and the seller, before accepting the offer, asked his friend if he would pay the difference if the appraisal came in lower than the offer. Do as much research beforehand. Get a different appraisal ordered or switch to a more flexible lender if all else fails. Call us at the Rookie Request Line (1.888-888-888-5-ROOKIE.
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