What to Do if Your Home Appraisal Comes in Low in Auburn or Opelika
Posted by Rozi Dover on
You’ve found the perfect home in Auburn or Opelika, made an offer, and everything is moving smoothly—until the appraisal comes in lower than expected. This can create challenges whether you’re buying, selling, or refinancing. But don’t panic—there are steps you can take.
Why Appraisals Come in Low
A low appraisal doesn’t necessarily mean the home isn’t worth the price. Common reasons include:
- Recent comparable sales (“comps”) that don’t reflect current market activity
- Unique property features that don’t show up in standard comparisons
- A rapidly changing market where values are increasing faster than comps show
Options for Buyers
If you’re a buyer and the appraisal is lower than the agreed price:
- Renegotiate with the Seller…
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