Buying a home, Tips and Tricks

Navigating A Low Home Appraisal

Navigating A Low Home Appraisal

The appraisal came in low. Don't panic! 📉

An appraisal gap doesn't have to be a deal-breaker. You have options:

1️⃣ **The Seller Lowers the Price:** The seller can agree to reduce the price to the appraised value.
2️⃣ **You Bring More Cash:** The buyer can cover the difference between the appraisal and the offer price.
3️⃣ **Meet in the Middle:** Buyer and seller negotiate to split the difference.
4️⃣ **Challenge the Appraisal:** Your agent can help you submit a reconsideration of value if there are errors.

Navigating these hurdles is what we're here for.

DM us "APPRAISAL" to learn how we protect our buyers in any situation!

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