Buyers
Appraisal Gaps and How to Handle Them
What actually happens when a home appraises below your offer price, and every realistic path forward.
1 modules·5 lessons·~1.5 hours·Intermediate·Free
Five in-depth lessons covering exactly what an appraisal gap is, how the appraisal contingency protects you, every realistic option when a gap occurs, how to formally request a reconsideration of value, and how to reduce your risk of facing a gap in the first place.
What you'll learn
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Understand exactly why an appraisal gap creates a financing problem
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Know what waiving an appraisal contingency actually commits you to
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Understand all five realistic paths forward when a gap occurs
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Know how to formally challenge an appraisal that contains real errors