Appraisals Causing Steady Level of Contract Glitches

October 11, 2012

According to a survey, 11 percent of Realtors said a contract was cancelled because an appraised value came in below the price negotiated between the buyer and seller, while another 9 percent reported a contract was delayed and 15 percent said a contract was renegotiated to a lower sales price as a result of a low valuation.

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