Home Appraisal Came in Low: Now What?

[disneysteve]

Originally Posted by jpg7n16

2%, (or $10k on $500k) I wouldn't bat an eye. Chalk it up to variance in the appraisal figures. Not worth renegotiating the whole $500k deal.

I'm glad you proceeded, I think it'll be a good deal for you. Congrats on the new place!

I agree. I bet if you brought in another independent appraiser, they'd come up with a different number.

As I said initially, if the property's value to you is what you offered to pay, and you have the money, go for it. It sounds like a great deal. Congrats.

[snafu]

Now that you've overcome an unexpected hurdle, I hope the rest of the process, closing, move goes smoothly. Enjoy your new home