With the Halifax real estate market being so hot right now and home prices smashing records, we are seeing more appraisals being ordered by lenders on home purchases.
Not all appraisals will come back in your favour as a homebuyer.
In today’s video, I have 3 options for what happens if the home appraisal comes in lower than the purchase price you have agreed.
Remember these are all options and each situation is different, so it really needs your REALTOR® to guide you through the course of action and advise you on which is the best one for your situation.
I’m always here if you need to ask me for some help.
You may also be interested in the following videos:
What Are the Closing Costs When Buying a Halifax Home
Buying a Halifax Home in 2021: Tips for Success