What to Do When an Appraisal Comes in Low in NYC

What happens if the bank’s appraisal comes in too low? As a buyer or seller in NYC, you may be wondering what options exist if the appraised value is below the contract price.

What happens if the appraisal is lower than the purchase price?

Reduce Your Buyer Closing Costs by Requesting a Hauseit Buyer Rebate

What are next steps if an appraisal comes in too low?

Option 1: Buyer increases his or her down payment

How to Challenge a Low Appraisal in New York City

Option 2: Seller lowers the contract price

Option 3: Buyer applies for a mortgage with a new bank

How To Find a Great Buyer’s Agent in NYC

Option 4: Buyer submits an appraisal rebuttal (reconsideration)

How can I contest a low appraisal in New York City?

How to Challenge a Low Appraisal in NYC | Hauseit

Can a buyer back out if the appraised value is too low?

Can a seller back out if the appraisal comes in low?

Is paying over appraised value a good idea in NYC?

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Save money when buying and selling real estate in NY and FL with Hauseit. Available in NYC, Long Island, the Hudson Valley and South Florida. www.hauseit.com