Tag Archives: Appraisals Remain Big Hurdle

Appraisals have been blamed on derailing a lot of sales in recent years. In fact, more than one-third of REALTORS® recently reported that deals were canceled, delayed, or renegotiated to a lower price due to a low appraisal. The National Association of REALTORS® has spoken out against faulty appraisals, blaming it on holding back the housing recovery. More real estate professionals are starting to include appraisal contingencies in their contracts. These contingencies specify how much a buyer would be willing to pay in cash in case the appraisal comes in […]