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Lynn Peters

Answers by Lynn Peters

2 answers · 10 pts

Won bidding war, but appraisal is below offer price, what to do?

Asked by Brooke | San Diego, CA | 04-08-2026

Lynn Peters
Lynn Peters04-10-2026 (4 days ago)

If you are open to splitting the difference with cash, that is the most common. I have also seen where you can approach the lender to see IF you can challenge the appraisal with additional comps, but that could be time consuming and the result could be the same. If you really want the home, then I would option for the split of the difference in cash. But if cash upfront is an issue, and it depends on the type of financing, you could ask a Family member for a gift to pay the difference in case the seller wont split with you.

Lynn Peters
Lynn Peters04-10-2026 (4 days ago)

Inspectors dont typically check for internet and the Seller may have turned it off. Inspectors will check all electrical in the property. Red flags to look for is aluminum wiring to outlets and switches, or no grounds in the property. You can look on internet service maps to see the strength of the internet service providers in the area. I hope this helps.