✉news BusinessPersonal Finance first seen 11 h ago, last 16 min ago, peak #7
Buyer wary after agent's advice on low home appraisal
Original: Buyer expects low appraisal, and agent's 'just use financing' advice raises red flags
A homebuyer who expects the property they are bidding on to appraise below the agreed purchase price says their agent's advice to simply proceed with financing has raised concerns. The case highlights a common dilemma in the housing market: when appraisals come in low, buyers must decide whether to renegotiate, cover the gap in cash, or walk away.
Why now: Ongoing concerns about home appraisals falling short of sale prices are resonating with buyers in the current housing market.
Evidence
- Buyer expects low appraisal, and agent's 'just use financing' advice raises red flags · Yahoo Finance
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