the lender won’t go through with the transaction at that price.
The seller might adjust the sale price accordingly but also might not. Appraisal value isn’t a binding figure — what the seller sells for and the buyer pays determines the sale price. The situation might be that you negotiated a deal with the seller for a price already lower than initially wanted. This likely is due to the home selling in a buyer’s market and its location in a declining market area. This may slow or disrupt the closing process while further negotiations are conducted.
#8. Set the Time and Date of the Closing
98
Powered by FlippingBook