How Does “Low Appraisal” Work?

"Please see description below"... "We empower home sellers, buyers, investors, builders, developers, influencers and business partners to do what they are great at because they understand the importance of an elite real estate team and desire a strong support system behind them. They trust their advisors to help them make the decisions that best suit the advancement of their goals. ——————————— The Legacy Group is a full service real estate brand that operates not only in the real estate and real estate investing world, but also the digital marketing world. The team has completed hundreds of real estate transactions and has helped many more with their goals and business endeavors. We put more money into our client’s pockets by using data driven measures and by being the best negotiators in our market. The Legacy Group was started by Brandon Gentile who is a serial entrepreneur and found his calling building businesses and helping others do the same. TLG TV is a way for the team to give maximum value back to the market and provide exposure to the virtues of real estate and explode the myths inside of it. Not only will we have Q&A and industry issues but we will be bringing in business owners from every walk of life to bring value to you. To find the your home value go to: https://bit.ly/2ppDGE0 Check out our 98 Point Home Seller Checklist here: https://leads.legacygroupmi.com/98pointsellerchecklist Learn How to Win In Multiple Offer Situations: https://leads.legacygroupmi.com/multipleoffercheatsheet For your free list of Clarkston Homes for Sale: http://bit.ly/2wrsbjZ Find The Legacy Group here: Website: http://www.legacygroupmi.com Facebook: http://facebook.com/legacygroupmi Snapchat: https://www.snapchat.com/add/bmcneilg Twitter: http://twitter.com/legacygroupmi Instagram: http://instagram.com/legacygroupmi ----------------------------------------------- Transcription: We have a quick Q and A Friday that we have been doing for years now. We love bringing these to you guys and the questions that we get all the time. This is something that we've been getting over the years and I think we've talked about like three years ago honestly. But I wanted to bring this up again and it was appraisals. It has to do with low appraisals. When a low appraisal comes in, people always ask, we get this all the time and it's a very good question. It's a common question - "When there's a low appraisal and someone's putting down a down payment - if that's $250,000 and someone's putting $10,000 down and the appraisal comes in at $245,000, then shouldn't it only have to appraise for $240,00?" When you think you're paying it all The big thing.....[CONTINUE READING AT  https://legacygroupmi.com/how-does-low-appraisal-work/ ]