Blog > What Happens If An Appraisal Is Lower Than The Purchase Price?
When an appraisal comes in low, lenders base the loan on the appraised value, not the contract price. The buyer can make up the difference in cash, renegotiate with the seller, or challenge the appraisal with additional data. Sometimes, the transaction pauses while both sides find a compromise. A seasoned agent helps navigate these scenarios quickly to keep the deal on track.
GET MORE INFORMATION
