What to Do When Your House Doesn’t Appraise

Imagine doing all your repair costs homework, buying a property at the right price, putting a lot of effort into managing the renovation project conscientiously…..and then having the sale of your property fall thru due to a low appraisal. There’s not many things that are more frustrating than that for a real estate investor.

Nothing you can do but lower the price and give away some of your hard-earned profit right?  Not necessarily.

 

Home AppraisalTom Horn, an appraiser from Birmingham Alabama, recently added a great post to his blog: “What to do when the house doesn’t appraise.”  In it, he provides a step by step process for dealing with low appraisals including revealing 5 common appraisal errors to look for.

 

Tom’s blog also includes a lot other great information like “5 things the agent (or real estate investor owner) can share with the appraiser to help with the appraisal.”

 

Investing a little time reading these blog posts will be well worth it in the event you ever run into appraisal value issues!

 

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What have you done to overcome low appraisals?  Leave me a comment below – I’d love to hear from you.

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  1. Don, just like your calculators you have a fantastic website. I knew that some of this was out here, but never knew it was all in one place, again thanks.

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