Sentences with phrase «low appraisal»

Mortgage applications may be turned down because of low appraisals.

Today, for example, nearly a dozen major news outlets ran stories about low appraisals on their real - estate front pages.

You won't have much luck lowering appraisal fees — since the lender selects the appraiser, you'll likely be stuck paying their costs without much room to negotiate.

Low appraisals tend to occur in hot housing markets, where buyers are often forced to pay above market value for a home.

You want to open an equity line on your home, but you can't qualify because their short sale lowered the appraisal for your home.

He helped me negotiate a beautiful house in a mixed value neighborhood, past a surprisingly low appraisal, going great lengths to make sure I got it.

As a result of the incredibly fast market, we're seeing low appraisals, with comparable properties closing for higher prices less than a month later.

Sellers will hit a brick wall if buyers» financing is cut based on the bank's lower appraisal value — and 86 % of buyers finance their home purchase with a mortgage.

That means being proactive in defending the agreed - to sales price with appraisers, staying on top of lender concerns by checking in more frequently than you ordinarily would, and get creative with seller financing to help keep low appraisals from derailing a deal.

REALTORS ® indicate that they are having difficulty getting homes closed on time for various reasons, short sale negotiations and low appraisals not the least among them.

However, rising prices and low appraisals don't always coincide perfectly.

Recognize the reasons for low appraisals.

And when you consider their rate of about 6 % for this 85 % LTV deal - you are better off with a conventional 80 % refi at 4.5 %, with low appraisal and doc prep costs and without origination fee.

One - third of home builders say low appraisals have jeopardized sales for them (up from 26 percent in 2009), according to the National Association of Builders.

Appraisers and lenders say it's not faulty valuation practices that cause low appraisals, but falling home prices.

Each month, about 1 of every 10 real estate agents reports that low appraisals scuttled a home sale, according to the National Association of Realtors.

But when that doesn't work, RISMedia offers some of the following tips for fighting low appraisals:

After I learned that I would have to pay for one of the two required appraisals, deal with a potential low appraisal since flips do not get the best value from appraisers, and have to submit receipts to proof rehab cost and improvement; I decided to just lease it for a year and skip all that hassle.

Low appraisals kill about 40 percent of escrows, said Wood.

Almost from the effective date of the rules in May 2009, horror stories began surfacing about long delays and shockingly low appraisals.

(MCT)-- Despite a steadying housing market, sellers and real estate agents still complain that low appraisals delay or kill up to 15 percent of all deals.

The tight grip on money from lenders coupled with unrealistically low appraisals - perhaps an understandable over-reaction to the mortgage meltdown - is a one - two punch that a lot of homebuyers find difficult to duck.»

And that leads to yet another good reason to pursue an off - market sale... If the off - market buyer does cancel for any reason (i.e. low appraisal), there is no stigma associated with a typical cancellation (i.e. «re-listing» on the MLS again) because of course there was no original listing on the MLS in the first place.

The National Association of REALTORS ® reported that 16 percent of real estate professionals surveyed in June reported a cancelation in a sale, mostly due to a large number of low appraisals.

Today, for example, nearly a dozen major news outlets ran stories about low appraisals on their real - estate -LSB-...]

Home builders say low appraisals are killing deals for them too.

Here are some issues that account for low appraisals, says Grabel:

Over the past few years, the company suffered from numerous manufacturing quality issues that caused us to lower our appraisal of value.

If a rate - lock extension was made necessary by borrower - caused delays — for example, when a borrower didn't return necessary documentation or disputed a low appraisal — then a fee would be charged.

The researchers found that the striatum activated in response to high and low appraisals (but did not perk up to more neutral comments); it also responded to monetary wins and losses but was quiet if a player broke even.

Sometimes a low appraisal is a fluke.

A too - low appraisal can wreak all sorts of havoc on the sale of your home.

It all comes down to what the sellers do in response to the lower appraisal.

A low appraisal actually works in favor of the home buyer.

Based on the low appraisal, the lender is only willing to give you a loan for the lower amount — $ 210,000.

For a maximum loan amount, 90 to 95 percent of the purchase price, a low appraisal could make the desired loan too high.

A VA loan can't be issued for more than the appraisal value, so a low appraisal can send buyers scrambling.

Often a seller will lower their sales price to match the appraised value but it is possible to file an appeal with the VA in the event of a low appraisal.

Consider these three strategies for handling a low appraisal value:

Whether in the form of a low appraisal value or a litany of mandated repairs, VA appraisal challenges can be alarming.

A low appraisal value sends a stinging message to would - be homebuyers: This deal might not fly.

A VA loan can't be issued for more than the home's appraisal value, so a low appraisal value can often send a purchase into a tailspin.

If the appraiser didn't consider that sale, and you bring it to the appraisal company's attention, you might be able to successfully appeal the lower appraisal.

Low appraisals can quickly scuttle a refinance.

There are ways to mitigate a low appraisal problem; they key is working with a lender that knows how to do it.

At Wholesale Capital Corporation, we have protocols in place to reduce the risk of a low appraisal from affecting our borrowers» home loans, including:

Unfortunately, it happens: A low appraisal can complicate an already bumpy home - buying process.