Video Transcript:
New home appraisals are tricky. Without sold houses nearby for comparison, the lender’s value might not match your builder’s price, creating an unexpected financial gap. I'm David Ghazaryan, and I directly manage this risk. I assemble a package of builder blueprints and data, which guides the appraiser to the correct value. Watch builder incentives closely. A big credit for closing costs isn't a gift; the appraiser just subtracts it from your home's price, creating a value gap. The most effective move is preparation. We submit your builder’s complete package of plans, upgrades, and sales contracts before the appraiser even starts their work. When an appraisal is low, a financial gap appears. The loan amount is based on this lower value, so you must pay the entire difference yourself. Building this plan is my focus. You can find my analysis on social platforms and my website, with links to the full article in the description.
Read Blog Here: https://www.iqratemortgages.com/blog/new-construction-jumbo-loans-in-texas-avoid-appraisal-gaps
