Coastal Living Chronicles: Insights from a Saint Simons Island Realtor

Hi, I'm Jeff Williams and I'm an associate broker in real estate here in Glynn County on the coast of Georgia. I want to talk to you a little bit about the appraisal process because nothing will put a stake to the heart of a real estate transaction, like a loan appraisal. Now you may come to me and you'll say, Hey, Jeff. What do you mean low appraisal? Well, think of it like this. You're buyer, you've put an offer in on a house that's been accepted. At a certain point, you're going to have to get your banker involved, and they're going to send over an appraiser to check out the house and make sure that the amount that you're buying the house for is the same as what the bank is willing to lend money on based on the value of the property. Now, if there's a difference in that, that can create some problems, but there are solutions. A one solution is you can always go to mr seller and say, Hey, mr. Seller, will you lower the price of the property