A low appraisal can seem daunting to someone selling Highlands real estate. While no one wants to have an appraisal come in low there are options. A Highlands REALTOR® can be invaluable in helping you navigate the snags that occur when following through with the steps of your contract.
A low appraisal on a Highlands property undoubtedly has a buyer jumping for joy and a seller shaking in his shoes. The obvious options facing the seller are to come down in price or walk away from a contract. The appraisal should be examined carefully however as there is always a chance the appraiser could be wrong. Your Highlands REALTOR® should take a close look at the comps to determine whether she thinks the appraisal could be off. Another appraiser could be hired or the seller could request that the buyer come to the table with the difference between the contract price and the appraised price.
Contact me, Lynn Kimball, today to learn more about selling Highlands homes and all of the steps involved in the process. My knowledge and experience can help make the selling process easier. I know Highlands NC and I know Highlands real estate.
Click here to read “What If Your Home Doesn’t Appraise?” from Realty Times.