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1081 Form Appraisal

1081 Form Appraisal

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Instructions and help about fannie mae 1081

the appraisal process can look a little bit different whether you're buying or selling a home if you're buying with financing and Appraisal is required by the bank to be approved for the loan a third party appraiser determines a value by considering factors like market conditions the condition of the home upgrades and more but what if the appraisal comes in lower than expected for example if you're buying a home for $500,000 and the appraisal comes back at 490,000 you have three main options your first option is the buyer can make up the difference the second option is the seller can lower the price to match the appraised value and the third option is you can meet somewhere in the middle and there's a fourth option that no one likes cancelling the contract ouch for sellers the appraisal is more on your shoulders you set the listing price so it's important to back that price with real value for the bank a great listing agent can really make a diff

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FORM 1081
Fannie Mae VERIFICATION of mortgage form PDF

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