Appraisal Came in Lower than Purchase Price - House Appraised lower than offer

Appraisal Came in Lower than Purchase Price - House Appraised lower than offer
In this week's video I share with you what your options are both as a buyer and a seller when an appraisal comes in too low.
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In this Week's video, I discuss the 3 options you have when the Appraisal comes in lower than the Purchase Price.
Option #1 - Make up the difference in the price with Cash
Option #2 - Renegotiate the purchase Price down to the Appraised Value or somewhere in between the two prices. This is when the Seller reduces how much they earn and the buyer still has to bring some extra cash to the closing.
Option #3 - Cancel the Contract and walk away.
Here is the link to the previous Video - What is a Home Appraisal?
• What is a Home Apprais...
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Hello there! My name is Samantha Pearlman and I am a Full-Time Realtor with Keller Williams Elite, Realtors in Metuchen, NJ. I was born and raised in New Jersey and I have such wonderful memories of spending every day on the beach in the summer and making snow forts in the winter. I love this state and want others to love it too!
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