12% of home sales fall through due to low appraisals

As competition for limited housing inventory intensifies, buyers are bidding up home prices. But many have found that the tactic of making an aggressive bid to beat out other offers backfires, as the appraised value of the home falls well below the agreed price. The National Association of Realtors’ latest Confidence Index Survey, based on

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Low Appraisals No Longer Causing Problems

Throughout the housing crisis, one of the biggest stumbling blocks faced by real estate agents, buyers and sellers alike has been the appraisal process. Would the appraised value be lower than the agreed sales price, and if so, how much lower would it be? It’s thought that thousands of potential transactions have been derailed due to lower-than-expected appraisals.

Challenging Low Appraisals: Think Like An Appraiser!

Problems with “low” appraisals continue to be an issue, and even more so in markets where home values appear to be on the rise. A rising market moves faster than the appraisals; consider that appraisers are required to use only closed sales

Low Appraisal Problems Continue to Dog Buyers

The ongoing problem of low appraisals is continuing to have a negative effect on housing markets, with many deals falling through following an appraisal that comes in lower than the agreed asking price.

Low Appraisals Continue to Hurt Real Estate Sales

Thousands of real estate deals up and down the country continue to called off due to low appraisals which come in lower than the previously agreed-upon sales price, new surveys have revealed.

One Third of Property Deals Collapse at Last Minute

Real estate professionals are reporting that a growing number of real estate deals are falling through at the last minute, with almost a third of them (32%) claiming they had at least one deal collapse during last month, October. Associated Press reported that there were a number of reasons for property transactions falling through at

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