Unlock the secrets of the VA Tidewater Rule and learn how to navigate low appraisals for VA home loans! In this video, we break down how the Tidewater Rule works to protect your purchase price when an appraiser believes the home won’t meet it. Discover how you can submit additional sales data within 48 hours to support your valuation and why VA appraisals are the only ones that can be challenged.
We’ll cover essential options if your appraisal falls short—like negotiating a price adjustment, splitting the difference, or even requesting a Reconsideration of Value (ROV). We explain the limitations of ROVs and what to do if all else fails.
🔑 Key Topics Covered:
How the Tidewater Rule addresses low appraisals
The importance of timely submission of new comps
What to do when an appraisal is $10,000 short
Options for buyers and sellers in a low appraisal situation
Real-life examples and practical solutions
Whether you're a buyer, seller, or real estate professional, understanding the VA Tidewater Rule is crucial for making informed decisions. Share your experiences in the comments, and don’t forget to like and subscribe for more tips on navigating the home buying process!
For more information, visit my website at michaelclover.net 🌐. You can also reach me via email at [email protected] 📧 or call me at 562-826-0837 📞.
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