What Happens If It Doesn’t Appraise?

    What happens when your home doesn’t appraise? Believe it or not, it happens more than you may think. We’ve sold a lot of homes this first quarter of 2019, and so far we’ve had two homes not appraise. Here’s some things you can do if your home does not appraise:

    1. Contest the Appraisal – Make a list of all the improvements that you’ve made to the property.
    2. Land Value – Often the appraiser’s opinion is off. You can have 3 different people appraise it and give different values.

    The biggest thing though to do is make a list of the improvements and give that to your realtor to give to the appraiser so they can maybe make a concession upwards based on the money you’ve invested in the property.

    For more info call Wayne Turner with Turner Real Estate Group at 985-626-1313 or visit LocalNorthshoreRealEstate.com.

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