Milford Real Estate Video Blog

3 Options Sellers Have When an Appraisal Comes in Low

Mar 16, 2021

As a seller, here are your options if your home’s appraisal comes back low.

If you’re a seller, what do you do if your home’s appraisal comes back lower than the agreed-upon contract price? This is a hot topic in our market considering how low inventory is and how many offers homes are getting. A lot of appraisals are coming back low, so today I’ll outline your options if this happens to you. There are three, in particular, that will decide what happens with your home sale.

Feel free to watch the video above in its entirety or use these timestamps to skip ahead to various sections at your leisure:

0:42—What is an appraisal?

1:18—Option No.1: Challenge the appraisal

2:57—Option No. 2: Address the price issue

6:08—Option No. 3: Put the home back on the market

7:41—Wrapping things up

As always, if you have questions about this or any real estate topic, don’t hesitate to call or email me. I’d love to help you.

About Josh Lioce

Naturally, as the CEO of Livian - Massachusetts, Josh set out to build a business that always exceeds his clients’ expectations, simply because that’s the only way he knows how to work. He accomplished this goal by assembling a team of highly skilled and knowledgeable professionals who share his vision and are dedicated to providing a level of service second to none. Josh believes that a great real estate experience hinges on the relationships you build with your clients. He knows that the only way to establish lasting partnerships is through reliability and confidence, and he demonstrates the highest degree of experience and expertise necessary to foster that trust and assurance. When you work with any member of Livian - Massachusetts, you can tell almost immediately that they’ll be there every step of the way, guiding you in the right direction for your home purchase or sale. Their in-depth knowledge of all aspects of real estate, including the inventory of the Greater Milford, Central Mass, Blackstone Valley and Metro-West markets, gives you that extra advantage of having all the information you need to make educated decisions regarding your most important investment. They will work tirelessly to help you meet your goals with what could only be described as 110% Commitment. At Livian - Massachusetts, you can count on Josh and his team to apply their trademark enthusiasm and steadfast diligence toward reaching your goals. Their professionalism, unsurpassed knowledge and dedication to your needs clearly exemplify the 110% Commitment Josh and Livian - Massachusetts put into working with each of their clients. You owe it to yourself to work with a group of professionals who care deeply about your move and will do what’s necessary to make it a positive and rewarding experience.

Josh Lioce
Livian - Massachusetts
230 Main Street, Suite 1
Milford, MA 01757
508-422-9750
Josh@Livian.com
mass.livianhomes.com