What Jacksonville Buyers Can Do If the Appraisal Is Low
Posted by Greg DeTullio on
If a home appraises below your contract price in Florida, you can ask the seller to lower the price, split the gap, cover the difference with your own cash, or cancel if your contract has an appraisal contingency like Addendum F. A low appraisal alone doesn't guarantee a right to cancel, so check your signed contract first.
What Jacksonville Buyers Can Do If the Appraisal Is Low
What Jacksonville buyers can do if the appraisal comes in below the contract price
You have four realistic moves: ask the seller to lower the price, split the gap, cover the difference with your own cash, or cancel if your contract has an appraisal contingency such as Addendum F. A low appraisal does not automatically let you walk away, so the first thing…
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