With multiple offers being the order of the day, buyers are overbidding to outgun their competitors. What happens if an appraisal comes back low? Here are a few important steps to take before writing an over-ask offer.
Source: Inman News
How to protect your buyers from appraisal catastrophes
Published in Agent, appraisal, Brokerage, cma, comparative market analysis, down payment, loan approval, loan contingencies, market value, Markets & Economy, Mortgage, Mortgage & Alternative Financing Month, multiple offers, non-contingent offers, Select, service and theme-month-202103
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