What To Do When Appraised Value is Low?

It is no secret that the Phoenix area Real Estate market is showing signs of improvement.  2012 has started off with a bang!  With any transitional Real Estate market comes appraisal/valuation challenges.  In fact, stable Real Estate markets come custom fit with appraisal related hurdles from time to time as well.  The most common issue an Arizona buyer faces relative to an appraisal is home value.  Of course, buyers don't complain when their desert dream appraises for more than what the … [Read more...]

Low VA Appraised Value Tidewater Initiative Arizona

When an Arizona VA appraiser believes a home's value is below the sales price they are required to notify the Arizona VA mortgage lender providing the VA home loan for the buyer.  This requirement to notify that value is coming in low is based on the "Tidewater Initiative" that was established in 2003. Apply Now for a VA Home Loan The Tidewater Initiative states a VA appraiser must give notice that the value for the property being VA financed is coming in lower than the home's sales … [Read more...]