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Curry
4.0(
2
)
Appraisal - Real Estate

Serving Mescalero, NM and surrounding areas

In business since 2000

Emergency services offered

Warranties offered

"Great- we started in the kitchen, went to the baths, and throughout the entire house.  He tested every appliance, checked level of floors, checked fireplace, tiles on floors, inspected heating system, windows, doors, looked at roof, yard, foundation, and had some great suggestions on repairs and improvements.  Great job."
Recommended by100%of homeowners
Real Estate Agents questions, answered by experts

If the appraised value comes in lower than an offer, a buyer will normally be able to back out because a low appraisal can prevent a mortgage from going to underwriting. The buyer can also try to negotiate for a lower sale price or offer to put down more cash to bridge the appraisal gap.

The age of the well, installation methods, and maintenance logs can affect your home insurance premiums and any potential future claim. Mortgage companies can request proof of water quality before they approve the loan. Review all well information, including the Shared Well Agreement, before you make an offer to purchase.

Wainscoting isn’t a design element that can be directly tied to an increased house price. Despite that, it is a highly marketable element that can generate significant interest from potential buyers who enjoy the style, and is relatively inexpensive to remove for those who don’t. If you are on the fence about paneling, just know that it certainly wouldn’t result in depreciation of your home’s value—usually the opposite. 

In most cases, no, a seller cannot negotiate after an appraisal if they signed an offer agreement. The only exception would be if there was a contingency in the offer that stated that the offer acceptance was contingent on the appraisal amount. If that’s the case, the seller can negotiate a higher sale price to match the appraised amount. If the appraised amount comes in below the sale price, both sides have to agree to negotiate, but there may be no other option since the buyer’s lender might not approve the higher amount.

You can be present during a home appraisal, but it’s best to stay out of the appraiser’s way. Make yourself available, but don’t engage or interrupt, and don’t discuss value or your target sales price. If possible, have your agent present in the house instead of being present yourself.

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