Low Appraisals Jeopardize Deals

Low Appraisals Jeopardize Deals

Ten percent of real estate professionals say they’ve had sales canceled because appraisals came in below the price the buyer agreed to pay, according to a National Association of REALTORS® survey conducted in January. What’s more, another 15 percent say contracts had to be renegotiated because an appraisal came in too low.

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