What Is An Appraisal Gap?

In a competitive market, you might hear about an 'appraisal gap.' 🤔
➡️ Swipe to understand what it means for you as a buyer!
1. **The Offer:** You offer $325,000 for a home.
2. **The Appraisal:** The bank's appraiser values the home at $315,000.
3. **The Gap:** There's a $10,000 gap the lender won't cover.
4. **The Solution:** You may need to cover this gap with cash, renegotiate, or have an appraisal gap clause in your offer.

We'll help you craft a competitive offer that protects your interests from start to finish.

DM us "GAP" to learn how to handle this situation!
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