In today’s market, sellers want an offer that’s as clean as possible—one that gets them to the settlement table without surprises. But sometimes, an appraisal can throw a wrench into the process.

So, what happens if your home is under contract and the appraisal comes in low? There are three possibilities:

  1. The buyer could walk away. It’s important to know that this is a reality that can happen.
  2. The buyer could challenge the appraisal. Sometimes an appraisal can be reconsidered or adjusted.
  3. Renegotiation is possible. As the seller, you don’t have to sell for the appraised value. There’s room to renegotiate and find a solution that works for both parties.

Even if your offer includes a mortgage or an appraisal contingency, these three options provide ways to work through potential obstacles and still get to the settlement table on time.

If you’re curious about how this works in practice or want guidance on navigating an appraisal, we’re here to help. Email us at support@davehooketeam.com.

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