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What Happens if Appraisal Comes in High?
3 years ago
70
Dr Real Estate
How to Real Estate
Buying a home
selling a home
how to buy a home
how to sell a house
is a high appraisal good for buyer
What if the appraisal comes in high
What if appraisal comes in high
What if appraisal is higher than offer
What happens if appraisal is comes in high
So what happens when an appraisal comes in higher?
Essentially nothing. It's a good thing in essentially the buyer has already created equity in the property, but it doesn't really impact the deal.
It doesn't effect the financing because a bank will take the lower of the appraised upon value or the agreed upon price.
Questions people sometimes ask and that we answer:
With the higher appraisal, do I get extra money or can I finance more?
Does the seller find out about the higher appraisal?
Can the seller charge me more?
https://www.boston2.com/blog/what-happens-if-appraisal-comes-in-high/
Jeffrey Chubb | Chubb Homes Team | 617-480-2600 | Jeff@Boston2.com | www.Boston2.com | Brokered by eXp Realty
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