Appraisal Order and Title Order
We will order the Appraisal with our preferred AMC and Title documents with a Title company. We want to make sure the home is appraised at, or above, the agreed-upon sales price. In case the home is appraised at a lower value than the sale price,your options are as follows:
a) Renegotiate the Sale price with your seller.
b) Appeal the appraisal.
c) Pay the difference in Sale price and Appraisal value along with the minimum down payment and closing costs.
The title company’s task is to investigate the property’s history of ownership, or chain of title, and identify encumbrances on the title.
