April 2019

Causes of Low Appraisals During Property Purchase

Lenders require an appraisal to confirm that the property is as valuable as you claim it to be; the confirmation helps lenders secure their investments. Unfortunately, an appraisal may return a value lower than the price of the home. Such a low appraisal means you may not get enough money to buy your target home. Below are some of the major causes of low appraisals. Market Conditions A bad market can...

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