My Home Appraisal Came In Low. If the appraisal comes in low, you may have to come up with the difference. The new appraisal could be very different, provided that the low appraisal wasn't fha.
“the appraisal came in low” now to everyone out there who just read that last sentence and think to themselves “so what?”…allow me to explain this as simply as i can: Read on for our tips on how to handle a low appraisal. Going back to the example provided earlier, who covers the $10,000 discrepancy between your offer of $390,000 and the appraisal of $380,000?
There’s a lot of detail, so take your time and review it thoroughly.
Your appraisal came in lower than your accepted offer price. A home appraisal coming in low can sound like a death knell for a home purchase. There are ways to turn this situation around. An appraisal on a multifamily building starts at about $600.
