Tag: who should disclose a low appraisal
-
Buyers unknowingly paid $20K more than the appraisal. Who should have warned them?
Reader Question: They paid $20K more for the property than it was worth. My daughter and her husband purchased a home for $145,000 and found out a few weeks later, the appraisal was only $125,000. Neither their agent nor the lender advised them of it. Who should have? Monty’s Answer: There are several considerations…