How long after appraisal to sign on home?

**The time frame for signing on a home after an appraisal can vary, but typically it is about 7-10 days. This gives the lender enough time to review the appraisal report and finalize the loan terms before the closing date.**

How long does it take to get appraisal results?

Appraisal results can typically be received within a week after the appraisal has been conducted.

What happens after the home is appraised?

After the home is appraised, the lender will review the appraisal report to ensure the property’s value meets the loan requirements.

Can the buyer walk away after the appraisal?

Yes, the buyer can walk away from the deal if the appraisal comes in lower than the agreed-upon purchase price.

What if the appraisal comes in lower than the offer?

If the appraisal comes in lower than the offer, the buyer may need to renegotiate the purchase price with the seller or come up with additional funds to cover the difference.

Do sellers usually lower price after appraisal?

Some sellers may be willing to lower the price after an appraisal if it comes in lower than expected in order to keep the deal moving forward.

Can a home seller reject an appraisal?

While a seller cannot technically reject an appraisal, they can dispute the value with their own evidence or choose not to move forward with the sale if the appraisal does not meet the agreed-upon price.

What if the appraisal is higher than the offer?

If the appraisal comes in higher than the offer, it can benefit the buyer by providing more equity in the property.

Can a home purchase fall through after appraisal?

Yes, a home purchase can fall through after an appraisal if the appraisal results impact the buyer’s ability to secure financing or renegotiate the purchase price.

Who pays for the appraisal?

Typically, the buyer pays for the home appraisal as part of the closing costs.

What if the appraisal is late?

If the appraisal is late, it can delay the closing process and may require an extension to the closing date.

What if the appraisal is higher than the loan amount?

If the appraisal is higher than the loan amount, it can benefit the buyer by potentially reducing their down payment requirement.

Can a buyer waive the appraisal?

While it is not common, a buyer can waive the appraisal if they are comfortable with the property’s value and are willing to take on the risk of potentially overpaying for the home.

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