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New Construction /w VA Loan Appraisal Addendum & Market Crash

Scenario: I’m currently under contract with a builder and rate locked around 4% for the year with a VA loan.

Question: Hypothetically, if the market were to crash and the appraisals tank, does anyone think these builders would negotiate lower purchase prices (already under contract) to match appraisal values in a tanked market? I figured if it’s a volume of folks dropping out they’d be forced to? Wondering if anyone has this scenario in the 08 crash.

submitted by /u/Morizzy
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/uttgua/new_construction_w_va_loan_appraisal_addendum/
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