Try the: Appraisal Gap Strategy!

• In today’s low-inventory sellers’ market, properties for sale are often receiving multiple offers, driving the final price well over the list price. 
• Don’t let this deter your clients. There could be a solution!
• For example-
  Offer of $420,000 is accepted… but the appraisal comes back at $380,000…What should your clients do? 
• ASK YOUR LENDER TO restructure the loan with the appraised value, new loan amount, PMI (Lender paid, single premium or monthly PMI). 
• The example below illustrates the appraisal gap and how restructuring your clients loan can help save the deal.

***PMI is still a deduction on taxes depending on household income-please consult a tax advisor***