Show me homes
Tell me about your deal and I'll help you read the appraisal.
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An appraisal is an independent look at a home's value.
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Lenders use it to confirm the home supports the loan.
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If it comes in low, you have options, and I can walk you through them.
Rather just talk? Text me at (580) 647-0915
You and the seller agreed on a price. Now the bank wants a second opinion.
Travis Wright here, with eXp Realty. That second opinion is the appraisal. Your lender hires a licensed appraiser to make sure the home is worth what you're borrowing. They look at the home and compare it to similar homes that recently sold nearby.
Most of the time it comes in right where it should. But if it comes in low, you've got options. We can ask the seller to lower the price. We can split the difference. You can cover the gap with cash. Or, depending on your contract, you may be able to walk away.
It's one of those things that sounds scary but usually isn't, as long as somebody's watching out for you. That's my job.
If there are any homes you'd like to see, just reply with the word HOMES, and I'll set up a showing.
Travis Wright with eXp Realty
I help buyers and sellers in Lawton and the surrounding area with straight answers, honest price ranges, and zero pressure. Ask me anything. Seriously, I like questions.
OK License #206164 · 1146 NW Cache Rd, Lawton, OK 73507 · (580) 647-0915
Frequently Asked Questions
What is an appraisal?
Your lender hires a licensed appraiser to make sure the home is worth what you're borrowing. The appraiser looks at the home and compares it to similar homes that recently sold nearby.
What happens if the appraisal comes in low?
You have options. You can ask the seller to lower the price, split the difference, or cover the gap with cash. Depending on your contract, you may also be able to walk away.
Is a low appraisal common?
Most of the time the appraisal comes in right where it should.
Who looks out for me during this?
That's Travis's job. It sounds scary but usually isn't, as long as somebody's watching out for you.