Blog > Why Do Homes Fail to Appraise at Value?
Homes can fail to appraise at contract price when market demand outpaces recorded sales, or when an appraiser uses outdated or less comparable data. Unique homes or areas with limited sales data also present challenges. To mitigate this risk, agents prepare detailed comp packages and highlight upgrades or features that justify the price. If a low appraisal happens, the buyer and seller can renegotiate, the buyer can increase their down payment, or the appraisal can be challenged with additional evidence.
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