Re: Low Apprisal Blows Deal - Posted by Jim FL
Posted by Jim FL on March 22, 2002 at 02:07:43:
Was the appraisal accurate?
How did you arrive at the price to sell to your buyers?
If you really feel, no better yet, KNOW your price is the true value of the house, then check the appraisal.
See if the comps on it are good comps.
What is missing?
Perhaps gather some better comps., and get another appraisal who you supply some comps to, if the lender will allow it.
If not, try another lender, and another appraiser.
And if this still does not work, then perhaps sell the house for what it is truly worth, (the lower amount), or sell it with other terms, like YOU carrying paper, or a L/O.