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Seller's Information for Appraiser Provided to Buyer North Carolina

Seller's Information for Appraiser Provided to Buyer North Carolina

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Step 11 of buying your home in North Carolina is the appraisal appraisal is the amount of money that an appraiser has determined a home is worth that is the amount of money that a bank will be willing to loan on a particular home let me give you an example you have a home that is under contract for three hundred thousand dollars the appraiser has determined that home is worth two hundred ninety thousand dollars that means that you either need to come out of pocket that ten thousand dollar difference and pay that in cash at closing or you have to come to an agreement with the seller to lower the price to the appraised value or something in between the seller is not obligated to lower the price but they may this is always a risk with every offer you put in so make sure you have an agent that always does a comparative market analysis and make sure they have a good indication that the home will appraise for the value that you are offering

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