When Your Appraisal Value Comes In Lower Than The Purchase Price

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As a buyer or a seller, the appraisal is one of the key parts in the home sale transaction. If you’re the buyer, you have to get an appraisal to get a loan. As a home seller, one of the key stumbling blocks on the sale is having the home appraise for the selling price. What happens when the home does NOT appraise for at least the agreed upon sales price? Are there any options? [Read more…]