Sep 22, 2022
Have you ever had a listing that didn’t appraise for contract price? It’s frustrating, for sure – especially if you feel like you don’t have any options! The home didn’t appraise for contract price, so the deal is dead, right? Not at all! When this happens, most parties have three options: lower the sale price to the appraised value, have the buyer come out of pocket for the difference, or cancel the sale. But those are all options you’ll need to consider after challenging the appraisal.