What if my Home Appraises Under Value - EP189 - Homeownership

<p>In this episode we discuss that an appraisal contingency is something that protects the buyer from needing to move forward at the same terms if the appraised value is not sufficient for the contingency. This means that they get to take their deposit and leave or renegotiate. When an appraised value is off there are a few options. One would be to challenge the appraisal as the buyer to try to keep the deal alive. If an appraiser did not seem to do a fair or a just job then it may be time to hire a second appraiser. This may or may not change the end resulting value.</p>