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Win The House You Love

Kyle Seagraves

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How Appraisal Gaps Work (And Is It A Good Idea?)

Buying a home can be stressful. While we'd like to believe that offers get accepted all the time, that's just not the case. In this video, we'll explore what happens when an offer is made on a home and the buyer's lender receives the appraisal report. We'll look at why an appraisal gap is created and whether or not it's a good idea to offer more than the appraised value. — GET STARTED —🏠  Connect with a helpful LENDER in your state → https://www.winthehouseyoulove.com/lender🏠  Connect with a helpful AGENT in your city → https://www.winthehouseyoulove.com/agent — HELPFUL TOOLS —✅  Max Purchase Price Calculator → https://www.winthehouseyoulove.com/max-purchase-price-calculator✅  Lowest Cost Loan Calculator → https://www.winthehouseyoulove.com/lowest✅  Home Buying Planner → https://myreplan.com/✅  Today’s Interest Rates → https://www.winthehouseyoulove.com/todays-rates✅  Step-By-Step Home Buying Timeline → https://www.winthehouseyoulove.com/#timeline✅  Student Loan Savings Calculator → https://www.winthehouseyoulove.com/student 0:00 How Appraisal Gaps Work0:23 What is appraisal?3:23 Example4:04 Solution for short appraisal6:49 Will lender allow this?8:40 How much it'll cost you10:48 How to add a gap to your offer13:25 Are appraisal gaps a good idea?15:59 Scenario Kyle Seagraves - NMLS 1701021Only for educational usage. All calculations should be verified independently. Win The House You Love LLC is not a lender, does not issue loan qualifications, and does not extend credit of any kind. This is not an offer to lend and should not be used to make decisions on home offers, purchasing decisions, or loan selections. Not guaranteed to provide accurate results, imply lending terms, qualification amounts, nor real estate advice. Read the full disclaimer here: https://www.winthehouseyoulove.com/disclaimer

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