If you need assistance, please call 610-709-5147

What Happens If a Property Doesn’t Appraise?

Friday, September 24, 2021   /   by John Salkowski

What Happens If a Property Doesn’t Appraise?



Here’s what happens if the appraisal is lower than the contract price.

Looking to buy a home? Search all homes here.
Looking to sell your home? Get a free home value report here.

What if your property doesn’t appraise at contract price? In this red-hot seller’s market, we always negotiate upfront with the buyer and the buyer’s agent about how much they’re willing to pay above appraised value. We’re seeing appraisals come in at a lot less than the contract price.

For example, if the contract price is $300,000 and the appraisal comes in at $280,000, there is a $20,000 disparity. We need to know how to handle this.

If the buyer is not willing to submit an addendum clarifying this, then renegotiation starts. Generally, the buyer comes up a bit, and the seller comes down a bit to meet in the middle. If they can’t agree, the deal is terminated, and we move on to the next buyer.

If you have questions about how we handle low appraisals or anything else related to real estate, give us a call. There is never any cost or obligation when you do so. We’re just here to help.


  philadelphia home sellers

The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which {companyName} participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale. © 2021 BRIGHT, All Rights Reserved Information Deemed Reliable But Not Guaranteed. Data last updated: October 25, 2021 2 PM.
This site powered by CINC: www.cincpro.com