Profile picture for Mam111

what happen when a house has a really low Appraisal compare of what the owner is asking?

  • Question refers to 216 Overdale St, Morgantown, WV 26501
  • June 24 2009
  • 0Yes

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Answers (3)

Profile picture for jp1224
If the buyer using a mortgage company to finance the purchase of the home the mortgage company will only lend on homes that appraise for purchase price or more.
  • May 16 2010
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Profile picture for Mam111
I'm thinking on buy.  The appraisal was done by the bank. but, how can you really know who is right? with the bank appraisal, I will say that the house is overprice.
  • June 24 2009
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Are you looking to buy or sell and was it a professional appraiser that did the appraisal--it strongly suggests the listing is overpriced. 
  • June 24 2009
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