Home Appraisal

What is an Appraisal Shortfall and How to Prevent them

What is an Appraisal Shortfall? Appraisal shortfall is simply a lower appraised value than the sale price of the home. Ideally they should match or the appraised value can be slightly higher. The buyer can only borrow from a lender based on the appraised value of the home.  If an appraisal shortfall occurs, someone needs to pay the shortfall.  The…

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