Low appraisals, high sale prices present ‘conundrum’ for some homebuyers

Low inventory has caused home prices to rise and forced prospective homebuyers into bidding wars, which in some cases has produced another side effect: appraisals that come in lower the contracted sales price, according to Allison Bartholomew, president of the Greater Louisville Association of Realtors. “The prices have increased so much and so quickly that […]

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