My VA appraisal came in low, do I have any options? It is a short sale property if that make any difference. by dominikki.39440 from Newark, New Jersey. Jul 5th 2017
The ball is in the sellers court.. When a VA appraisal is low, then under "Tidewater" the seller and/or buyer has 48 hours to provide to the appraiser, their support for a higher valuation.. (your agent should not do anything.. let sellers agent deal with it).. If the seller cannot come up with better comparable comps.. then most likely, the lender/seller will allow for the lower appraised value to go through.. It would be highly unusual if they wouldn't allow for it to go through, but if they don't then you should walk away.. You do have the option of coming out of pocket for the difference, but it's not advisable.. why would you pay more for a property than it's worth? I'm a preferred Lender with Arizona and California being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893
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