DIRTYDOZENSBUNKER, LLC - View Single Post - Real Estate: If the appraisal comes in below the contract price?

500grains · 03-06-2021, 09:39 AM

If the appraisal comes in below the contract price:

a. The Buyer can cancel.

or

b. The Buyer can ask the Seller to lower the price to the appraisal.

or

c. The Buyer can come up with extra cash, because the appraisal limits what the Buyer can finance.

So................

Generally is the Seller fucked? If the Seller lets the Buyer walk (no adjustment to contract price), won't the next appraisal come in low as well?

03-06-2021, 09:39 AM	#1
500grains Soldier of Allah Join Date: Dec 2008 Location: Crackerland Posts: 31,688	Real Estate: If the appraisal comes in below the contract price? If the appraisal comes in below the contract price: a. The Buyer can cancel. or b. The Buyer can ask the Seller to lower the price to the appraisal. or c. The Buyer can come up with extra cash, because the appraisal limits what the Buyer can finance. So................ Generally is the Seller fucked? If the Seller lets the Buyer walk (no adjustment to contract price), won't the next appraisal come in low as well? __________________ Racism will keep you alive.