Sentences with phrase «appraisal value fall»

Should the VA appraisal value fall below the desired loan amount, buyers mus... Full Article

Should the VA appraisal value fall below the desired loan amount, buyers must either make up the difference in cash, renegotiate the purchase price or walk away from the purchase.

Should the appraisal value fall short of the purchase price, buyers have a few options to consider:

If the appraisal value falls below the purchase price, buyers have some thinking (and some delays) ahead.

Not exact matches

The Kelleys say AmSouth Bank, which later merged with Regions, relied on an inflated appraisal of their home and knowingly assumed the risk that property values would fall, leaving the Kelleys» mortgage worth more than their home.

A summary of the HPPI: There was an average 1.14 percent difference between the appraisal and the homeowner's estimate of value in September, with the appraiser's opinion falling below that of the homeowner.

Average home values, as measured by appraisals, fell slightly in October, showing a 0.62 percent decline, according to the national HVI.

Local trends stayed largely the same from the month prior, with appraisal values rising past homeowner estimates in the West and home values falling below homeowner expectations in the East and Midwest.

Moreover, a residential buyer in Florida also takes on the risk that the value of the property may deteriorate, or fall, during the time period between signing the sales agreement and finalizing the deal at the closing table (Note: Most real estate contracts have an appraisal provision that allows a buyer to cancel the transaction if the property appraisal is insufficient — normally, this provision is only applicable to when a buyer is obtaining mortgage financing).

In hot markets, a negotiating tactic can be for a buyer to offer an amount above the appraised value if the appraisal falls short of the purchase price.