What to Do if Your Home Appraisal Comes in Low in Auburn or Opelika

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:

1. Renegotiate with the Seller – Ask the seller to lower the price closer to the appraised value.
2. Split the Difference – Sometimes buyers and sellers meet in the middle to keep the deal moving.
3. Pay the Difference in Cash – If you have funds, you can cover the gap between the loan amount and purchase price.
4. Dispute the Appraisal – Provide evidence of comparable sales that may not have been considered.

Options for Sellers

For sellers, a low appraisal can be frustrating, but you can:

• Request a Reconsideration of Value with additional comps
• Wait for a Stronger Buyer (such as cash buyers who may not require an appraisal)
• Make Small Upgrades that could improve the appraised value if you plan to relist

Tips for Preventing Low Appraisals

• Ensure your home is well-presented and maintained before the appraiser’s visit
• Provide a list of recent upgrades and repairs
• Work with a local real estate agent who knows the Auburn and Opelika markets well

Final Thoughts

A low appraisal isn’t the end of the road. With the right strategy—whether that’s renegotiating, disputing, or preparing stronger comps—you can still achieve a successful sale or purchase.

If you’re facing an appraisal challenge in Auburn or Opelika, I can guide you through the process and help you find the best solution to keep your real estate goals on track.

Rozi Dover
Your Trusted Real Estate Expert in Auburn and Opelika, Alabama
Phone: +13346630077
Email: rozi@mindspring.com
Website: www.auburn-opelikahomes.com

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