This is not uncommon and appraisal issues are on the rise. Restrictions imposed earlier this year tie the hands of real estate agents and your mortgage broker to communicate with appraiser. The buyer might pay for the appraiser's service but make no mistake, they work on behalf of the lender. Communicate with your Realtor and lender and be as actively involved in the process to purchase your home. An effective agent will evaluate comparable sales before you make an offer to prepare in advance for the appraisal process.
Click on the article below to read how the appraisal process has changed.
Have down payment, but stuck in appraisal hell
No comments:
Post a Comment