Dear FSBO, what if your buyer's appraisal comes back too low?
By TheMillsTeam YourSebringRealtors, 863-212-5441
(Advantage Realty #1)
Lucky me! One of the agents in my office, Elaine Ramirez, is also an appraiser and she was kind enough to be a speaker at our last office meeting. Honestly, I don't know much about appraisals. I do BPO's and fairly well, but appraising goes a lot deeper than that. Anyway, she explained to us how a transaction can go pretty sour and pretty fast if the appraisal comes back unfavorable. Again, lucky me, I got to hear Elaine's presentation but what about the FSBO's and Discount Broker clients out there? What if their buyer's appraisal comes back lower than the agreed upon selling price and the buyer isn't willing to put up the difference in cash? No Sale!
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