Planning To Sell
WHAT TO DO WHEN YOU RECEIVE A LOW APPRAISAL
by Michael Jordan
Picture this: You’re ready to sell your property. You cleaned it, removed the clutter, boosted your curb appeal, and worked up a reasonable asking price. All that is left is waiting on the appraisal, only to find that your home’s val - ue is lower than expected. The prospect of a low appraisal is one of the fears for many sellers. However, you don’t have to throw in the towel. Let’s discuss a few things you can do if you receive a lower-than-expected appraisal.
REASONS FORALOWAPPRAISAL To better understand the why and how, let’s divide the reasons into three categories:
1. the condition of your house to the comparables, 2. market conditions, and 3. appraisers and comparables.
30 | think realty magazine :: november 2020
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