Ballwin, MO 63011
- Type:Single Family Detached
- Size:2,068 Sqft
- Lot:0.26 Acres
- Year Built:1969
- Heating:Natural Gas
- Garage:Attached, 2 Car
Type of Sale: Traditional
Acceptable Financing: Cash, Conventional, VA, USDA, FHA, FHA 203(k)
Low appraisals are becoming more common and can destroy a real-estate deal unless the parties involved can mutually agree on a solution. In the event the seller has chosen not to establish the value of their property in advance, there may be a possibility this scenario could occur.
For such cases, BidLion has created the Appraisal Addendum feature, which allows the buyer to express their capability and/or willingness to work through this problem with the seller should it occur after contract ratification. This eliminates surprise, gives both parties clarity on what will happen should the situation arise, provides the buyer with yet another tool to separate themself from the competition, and provides the seller with yet another tool to evaluate that competition.
(NOTE: The Appraisal Addendum is not required and is irrelevant to the buyer who is incapable or unwilling to pay more than the appraised value. It is simply provided here for everyone else to download.)