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Appraisal Contingency Plan

Tom Bass

Published 2 months ago

Hello, I wanted to introduce myself because I will be the lender assisting the List Agent. If we have the opportunity to serve you. I have two particular roles in your transaction. 1). I will validate all buyer offers submitted for financial strength, but more likely my second role, solve any financing challenges if they arise. For example, one of many challenges that we can solve in this market is what happens if the appraisal comes in low. We would implement this during the offer/screening process to create the plan upfront vs. reacting during the active escrow process, causing delays and, worse, cancelation so that we can generate the most significant profit on the sale of your home. This video scenario details how to handle " If " the appraisal comes in low, so the client can still qualify for the loan and that we keep the escrow open and flowing.

What Happens If Value Doesn't Come In At Sales Price?

Our Plan: Low Appraisals

National Rate Averages

Conf. 30Y Fixed

3.297%
-0.066

FHA 30Y Fixed

3.412%
-0.043

Jumbo 30Y Fixed

3.2%
-0.028

Rate averages are calculated from actual locked rates. Learn more.

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Bayport Financial

Company NMLS# 1172712

1041 E. 16th St. Suite D
Upland, CA 91782
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