How Buyers Deal With Appraisal Issues

Today I’ll talk about the kinds of challenges appraisal issues bring up in a seller’s market like ours. I’ll also explain how you as a buyer can deal with these challenges. One of the most common things I’m seeing in our market is the requirement of buyers to sign an appraisal addendum when negotiating. By signing this, you’re saying you realize you’re paying above list price, you understand the home probably won’t appraise, and you’re willing to buy regardless. To learn why this can create problems and what you can do about them, watch this short video.

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