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Updated almost 6 years ago,
Anyone else getting crushed on appraisals q1 2019
In the last 3 months we have had 5 properties appraisals come in under contract price. Altogether we are going to leave ~25k on the table after negotiations. In the prior 3 years we had zero properties not hit contract price. My thoughts are appraisers are CYA in case we have a slowdown so they can point back to the ones they didn’t approve and show they were “doing their job well”
What are you doing about fixing the problem if you have had any?
If you aren’t having any issues what have you done to make sure this doesn’t happen to you?