Low Appraisal in California: What Buyers and Sellers Do
When a home appraisal comes in below the contract price in Orange County, California, buyers have three options: ask the seller to reduce the price to the appraised value, pay the difference in cash, or cancel the transaction and recover their earnest money. Under the California Residential Purchase Agreement (C.A.R. Form RPA 6/25), the appraisal […]
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