‘Borderline Desperate’ Buyers Are Winning Bidding Wars but Risking Deals Over Low Appraisals

‘Borderline Desperate’ Buyers Are Winning Bidding Wars but Risking Deals Over Low Appraisals

Desperate to win bidding wars in low-supply, high-demand markets, buyers often offer well over asking price, only to see the deal stall because the appraisal falls short of mortgage requirements. This leaves them with a stark choice—either pay out of pocket to bridge the financing gap or walk away from their dream home. Ted Koczon
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