Advice Topics
- Buying (186)
- Selling (201)
- Renting (40)
- Market News & Trends (12)
- Finance & Legal Info (87)
- Tips & Advice (93)
- Working With an Agent (54)
- Marketing (4)
- Investing (15)
- Affordable Housing (15)
- Green Housing (2)
- Schools (1)
- Remodeling (31)
- International Real Estate (8)
- Terms & Definitions (24)
- Home Loans (12)
Top Contributors (View All)
Find a Top Real Estate Agent Near You
What if a home appraises for more than the offer?
I'm worried the home will appraise for more than what I offered. The seller agreed to the offer and we both seem fine with it. But if the appraisal is more than to the offer will I need to pay more to get the house?
Asked By Cameron | Marina del Rey, CA | 324 views | Buying | 5 months ago
Answer(8)
Arlene Modarelli
Fathom Realty
The appraisal is confidential information that you paid for not the seller.
- 5 months ago
Helpful (0)
Unhelpful (0)
Raquel Penas Fernandez
RE eBroker Group
The appraisal is yours and is only shared with your agent if you provide permission. You don't have to disclose to the seller what it appraised for.
- 3 weeks ago
- Helpful (0)
- Unhelpful (0)
Are you ready to find a top agent near you?
Browse profiles of the highest ranked agents in your area and find one that meets your specific needs.
CHRISTINE GARDNER
Berkshire Hathaway Gross & Jansen
This is a wonderful issue, you have equity in the property!
- 5 months ago
- Helpful (0)
- Unhelpful (0)
Rita Sutton
BHHS Select Properties, Troy, MO 63379
In my area, I do not share the appraised value with the seller/sellers agent when representing a buyer. The terms of the sale contract or amendments to it will determine the purchase price.
- 5 months ago
- Helpful (0)
- Unhelpful (0)
Delta Guillory
Keller Williams Lake Charles
No, you do not have to pay more than you offered. The contract you and the seller signed is the agreement of the price even if the home appraises more than the offer price.
- 5 months ago
- Helpful (0)
- Unhelpful (0)
Kelly Gonzalez
eXp Realty
Congratulations you have instant equity! Here in Texas only the buyer has access to the appraisal and knows how much it appraises for. We just tell the Seller that it met appraisal.
- 5 months ago
- Helpful (0)
- Unhelpful (0)
Victoria Lyford
Weichert Realtors Team Metro
I never share the appraisal report with the sellers when I represent the buyers. I just say that the house appraised and we can move forward.
- 5 months ago
- Helpful (0)
- Unhelpful (0)
Related Questions
-
What is the first step in buying a home?
- Asked by Mike M.
- 992 views
- Buying
- 4 years ago
-
How to buy a house without closing costs or down payments?
- Asked by Timothy S.
- 1082 views
- Buying
- 4 years ago