{"id":5083,"date":"2012-05-19T09:26:41","date_gmt":"2012-05-19T16:26:41","guid":{"rendered":"https:\/\/www.conejovalleyguy.com\/?p=5083"},"modified":"2019-06-10T12:01:39","modified_gmt":"2019-06-10T19:01:39","slug":"what-happens-if-my-conejo-valley-home-doesnt-appraise","status":"publish","type":"post","link":"https:\/\/www.conejovalleyguy.com\/what-happens-if-my-conejo-valley-home-doesnt-appraise\/","title":{"rendered":"What Happens If My Conejo Valley Home Doesn&#8217;t Appraise?"},"content":{"rendered":"<p>Appraisals have become a big issue over the last several years. \u00a0As banks tightened up their lending standards, appraisers have become much more conservative in their valuations. \u00a0If you are selling your home, this can become a big issue during escrow.<\/p>\n<h3><span class=\"black\" style=\"color: #709cc1;\">If the home doesn&#8217;t appraise, what are your options?<\/span><\/h3>\n<p>By default, the real estate contract has an appraisal contingency in it which means if the home doesn&#8217;t appraise, the buyer can walk with no ramifications. \u00a0The appraisal normally occurs in about the first 7-14 days of escrow. \u00a0This can be a stressful time for both the buyer and seller waiting for the appraisal to come in.<\/p>\n<p>If the appraisal doesn&#8217;t match the agreed upon price, here are the options:<\/p>\n<p>The first thing I do is try to get the appraiser to reconsider the valuation by providing additional data. \u00a0If that doesn&#8217;t work&#8230;<\/p>\n<p>1. \u00a0The buyer can walk and get their deposit money back.<\/p>\n<p>2. \u00a0The seller can reduce the sales price to match the appraised amount.<\/p>\n<p>3. \u00a0The buyer can bring in more money to make up the difference between the sales price and the appraised value.<\/p>\n<p>4. \u00a0Both buyer and seller can compromise on points 2 and 3.<\/p>\n<p>Most of the time, the buyer and seller agree to compromise.<\/p>\n<blockquote><p><span style=\"color: #d97045;\">My advice to sellers:<\/span> If the parties can&#8217;t come to an agreement and the buyer walks, you may want to adjust your price or you could be in the same predicament when you find your next buyer and a new appraisal is ordered.<\/p><\/blockquote>\n<p>&nbsp;<\/p>\n<h3 style=\"text-align: center;\"><span style=\"color: #709cc1;\"><strong>For any questions and\/or comments, please reach out!<\/strong><\/span><\/h3>\n<p style=\"text-align: center;\"><a href=\"tel:818-384-9929\">818-384-9929<\/a><\/p>\n<h4 style=\"text-align: center;\"><span style=\"color: #709cc1;\">or,<\/span><\/h4>\n<p style=\"text-align: center;\"><a class=\"scroll-link btn btn-secondary\" href=\"#form-section\">Let&#8217;s Connect!<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Appraisals have become a big issue over the last several years. \u00a0As banks tightened up their lending standards, appraisers have become much more conservative in their valuations. \u00a0If you are selling your home, this can become a big issue during escrow. If the home doesn&#8217;t appraise, what are your options? By default, the real estate [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":21097,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[25,26],"tags":[],"class_list":["post-5083","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buying-real-estate","category-selling-your-home"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What Happens if my Conejo Valley Home Doesn&#039;t Appraise?<\/title>\n<meta name=\"description\" content=\"What to do if your home in Westlake Village, Oak Park, Thousand Oaks, Newbury Park, Agoura Hills, Simi Valley, Moorpark, Conejo Valley home doesn&#039;t appraise.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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