What happens if the home doesn't appraise?
Your lender lends based on the lower appraised value, creating a gap. You can renegotiate the price, cover the difference in cash, or — with an appraisal contingency — cancel and keep your deposit. We decide based on the numbers.
If the appraisal comes in below your agreed price, you have a gap to solve, because the lender bases your loan on that appraised value. It's more common in fast-rising markets.
Your options: renegotiate with the seller to lower the price (a low appraisal is real leverage), bring extra cash to cover the difference, or — if you included an appraisal contingency — cancel the deal and keep your deposit. I help you figure out which move makes sense for that home and that seller. A low appraisal isn't the end of a deal; it's a negotiation point.
This answer is general education, not legal, tax, or financial advice. Your situation is unique — let's talk through the specifics together.