What are Appraisal Gaps? Denver Real Estate is HOT right now! The sudden influx of people who are eyeing Denver and the real estate inventory can’t keep up! 🔥
You may have heard the term Appraisal Gaps especially when you are planning on buying Real Estate and winning Multiple Offers on Real Estate. This is what currently is happening in Denver Real Estate. 👈
Appraisal Gaps are the negotiations happening between the home buyer, the seller, and the buyer’s lender. Due to the low inventory of Real Estate in Denver, high prices are present. Appraisal Gaps are like safety cushions for different mortgage companies. In this video, I will share with you What are Appraisal Gaps and what are the good, the bad, and the ugly that you might encounter.
I will also talk about my opinions regarding how Appraisal Gaps work and if it’s worth it to go through such contracts and negotiations. Watch until the end of the video to fully understand what Appraisal Gaps are!
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