Name: What Happens if Appraisal Comes in High?
Uploaded: 2021-04-09T01:03:05+00:00
Duration: 3 min 38 s
Description: So what happens when an appraisal comes in higher? Essentially nothing. It's a good thing in essentially the buyer has already created equity in the property, but it doesn't really impact the deal. It

3 years ago

Dr Real Estate How to Real Estate Buying a home selling a home how to buy a home how to sell a house is a high appraisal good for buyer What if the appraisal comes in high What if appraisal comes in high What if appraisal is higher than offer What happens if appraisal is comes in high

So what happens when an appraisal comes in higher?

Essentially nothing. It's a good thing in essentially the buyer has already created equity in the property, but it doesn't really impact the deal.

It doesn't effect the financing because a bank will take the lower of the appraised upon value or the agreed upon price.

Questions people sometimes ask and that we answer:
With the higher appraisal, do I get extra money or can I finance more?
Does the seller find out about the higher appraisal?
Can the seller charge me more?

https://www.boston2.com/blog/what-happens-if-appraisal-comes-in-high/

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