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Seller's Information for Appraiser Provided to Buyer Virginia

Seller's Information for Appraiser Provided to Buyer Virginia

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the VA Tidewater role helps address low appraisals for VA home loans before the appraisal is finalized if the appraiser thinks the home won't meet the purchase price Tidewater is initiated allowing the sell's agent and the buyer's agent to submit additional sales data or comps to support that purchase price remember only VA appraisals can be rebutted FHA and conventional appraisals are final in fact FHA appraisals stick to the property even if the buyer cancels once Tidewater is initiated you have 48 hours to submit new comps once the appraiser receives the new data or comps the appraiser reviews the new information provided and documents the reasons for accepting or rejecting it in the final appraisal let's use an example the purchase price was 510,000 and the VA appraisal came in $10,000 short at $500,000 we're now short 10 grand and no lender will lend a penny over the appraised value of $500,000 what do we do here are your options we can have

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