The Appraisal Process
You have made it through the most stressful part of the process but now what happens? In this episode of our Buyer’s Series, Chris will take you through the appraisal process and what that means for you and your family. Whether the appraisal comes back high or low, that is information for you to keep.
Are you purchasing your home in cash? Then don’t worry about this step in the process and you can head to the next video: Time for Closing Day
0:00 - Intro
0:34 - In GA, an appraisal is required for a loan.
0:47 - An Exception to the Rule
1:17 - The Process
3:43 - When the Appraisal comes back…
4:20 - What if the appraisal is low?
4:51 - Appraisal Options
4:55 - Seller Can Reduce Price
5:22 - Buyer Overpays the Difference
6:00 - Agree to Meet in the Middle
7:23 - Subscribe for more educational content!
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