In this current buying frenzy we are seeing more and more appraisals come in below sales price. Buyers are getting putting into situations were they need to offer their highest and best offer. This can sometimes be over the what the house is worth.
Not an issue if you are paying cash but it is when you need financing.
In this episode will explain what I see happen during an appraisal below the sales price. Options are limited but it is always worth a shot.
I also go into some prevention measures.
I hope this is helpful for you, and helpful to your buyers and sellers in this market!
Please let me know if I can help you or anyone you know.