It happens from time to time. The home appraisal comes in LOW 📉😱
 
With how quickly this market is appreciating, comparable sales can be lagging, which causes what we call an “appraisal gap.”
 
What can you do in this situation?
 
IF YOU’RE A BUYER:
 
✅ Submit recent comps to your appraiser for consideration
✅ Add appraisal gap coverage to your offer
✅ Waive the appraisal contingency (in some cases)
 
IF YOU’RE A SELLER:
 
✅ Don’t accept an offer solely on price
✅ Look at a buyer’s mortgage qualifications
✅ Look at conditions – such as waived contingencies
 
Read our latest blog post to learn more about how appraisals work and the benefits and risks involved with these competitive tactics.
 
🔗 Learn more here about the Appraisal Gap
 
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