Buffalo Grove Real Estate- what happens if the Buffalo Grove home you thought you sold doesn’t appraise?

Ok you thought that everything was going smoothly… you hired a great Buffalo Grove Realtor with a great reputation who sold your Buffalo  Grove Real Estate to a great buyer for a great price and then 2 weeks before closing you get the very not so great news that your home doesn’t appraise. What does that mean to you as a seller?  Unless you have a cash buyer, your buyer will not be able to get a loan to buy your Buffalo Grove home.

The first step after your receive this news is to cry… No just kidding… 

Honestly, first your Buffalo Grove Realtor needs to get a copy of the appraisal from the buyer’s Realtor or lender and determine if there are any errors or ommissions in the appraisal.    [Read more…]