"OH CRAP! The house didn't appraise..."
In a HEALTHY market, like we're experiencing right now in Sarasota, with inventory at record lows and Buyers circling like hungry sharks, it's bound to happen that prices rise higher with demand and, unfortunately, higher than they should. The banks and their Appraisers, who are called to perform appraisals might be a little more 'conservative' than what the market is actually selling for and you will end up with homes NOT appraising. As a Realtor, I fear when a buyer is so