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Tina
Tina, Lawyer
Category: Real Estate Law
Satisfied Customers: 5436
Experience:  17 years of legal experience including real estate law.
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If my new home appraisal comes in way lower 75,000 less then

Customer Question

If my new home appraisal comes in way lower 75,000 less then what i am paying and i am in contract what are my options?
Submitted: 1 year ago.
Category: Real Estate Law
Expert:  Barrister replied 1 year ago.

Hello and welcome! My name is ***** ***** I will try my level best to help with your situation or get you to someone who can.
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Do you have a financing contingency in your purchase contract that states that you have to be able to get the bank loan to purchase the house?

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How about an appraisal contingency that states the house has to appraise for at least the purchase price?

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thanks

Barrister

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