REALTORS® surveyed by the National Association of REALTORS® (NAR), say that low valuations on appraisals are causing their seller’s problems ranging from delaying the sale to renegotiating the price to even killing the deal. Of the REALTORS® that responded, 11 percent say a low valuation on an appraisal cost their seller a sale in the past 3 months, 9 percent said it caused a delay to a sale and 15 percent said a low appraisal resulted in the seller having to renegotiate and agree to a lower price. Continue reading “Low appraisals killing home sales or causing sellers to agree to lower price“