What’s up guys. This is Zack DiFilippo with The Newcomer Group, and I’m coming to you today with just a little tidbit.
We use what’s called an appraisal gap which is going to give you a value allowance
We’re starting to see appraisal issues kill deals in this market, when really they can be solved by just making a little bit of a cleaner offer. Here, we use what’s called an appraisal gap, which is going to give you a value allowance – is what I call it.
So, if the appraisal does come in under the ask price, you still have that allowance to make up the difference, and get the deal closed. That way, you can move in on time and make sure everyone’s happy.
Get the deal done and move into your house!
So when it comes time, and you’re about to structure a deal, see if you can do an appraisal gap. If you’re happy with it, get the deal done and move into your house!