What to Do When Your Home Appraisal Is Low: Bridge the Appraisal Gap Without Extra Cash
compmort.com
What to Do When Your Home Appraisal Is Low: Bridge the Appraisal Gap Without Extra Cash
Facing a low home appraisal? Learn five proven strategies—including Compass Mortgage’s appraisal gap coverage—to keep your original down payment and close on budget.
11 months ago
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An appraisal gap happens when a home appraises for less than your purchase offer — and your lender will only loan based on that lower value. Here are 3 ways to handle an appraisal gap if it happens to you. If you have questions about appraisals or the purchase process, reach out for a free consultation! 📲 (270) 519-0730 📧 melwatson87@gmail.com #RealEstate #HomeBuying #FirstTimeBuyer #RealEstateEducation #Appraisal #BuyingTips #RealEstateAgent #PropertyAppraisal #HomeBuyingProcess #RealEstateTi
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An appraisal gap happens when a home appraises for less than your purchase offer — and your lender will only loan based on that lower value. Here are 3 ways to handle an appraisal gap if it happens to you. If you have questions about appraisals or the purchase process, reach out for a free consultation! 📲 (270) 519-0730 📧 melwatson87@gmail.com #RealEstate #HomeBuying #FirstTimeBuyer #RealEstateEducation #Appraisal #BuyingTips #RealEstateAgent #PropertyAppraisal #HomeBuyingProcess #RealEstateTi
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An appraisal gap happens when a home appraises for less than your purchase offer — and your lender will only loan based on that lower value. Here are 3 ways to handle an appraisal gap if it happens to you. If you have questions about appraisals or the purchase process, reach out for a free consultation! 📲 (270) 519-0730 📧 melwatson87@gmail.com #RealEstate #HomeBuying #FirstTimeBuyer #RealEstateEducation #Appraisal #BuyingTips #RealEstateAgent #PropertyAppraisal #HomeBuyingProcess #RealEstateTi
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An appraisal gap happens when a home appraises for less than you…
17 views7 months ago
FacebookMelinda Watson, Realtor, Keller Williams Experi…
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CBS NewsKhristopher J,Brooks
Are appraisal gaps important… and when should you actually use them? Let’s break it down. 👇🏡💙 An appraisal gap is simply you telling the seller, ‘If the home appraises low, I’m still willing to cover some of the difference.’ And in multiple-offer situations, this can make your offer stand out big time. But here’s the truth: 👉 Not everyone needs an appraisal gap. 👉 Not every home calls for one. 👉 And you should never offer it unless it fits your budget and comfort level. Appraisal gaps are
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