What happens when your home appraisal comes in lower than the price you agreed to pay?
Does the buyer have to cover the difference? Does the seller have to lower the price? Or could you challenge the appraisal?
In this video, I break down 4 options buyers should understand when an appraisal comes in low.
✅ Option 1: Negotiate a lower purchase price.
✅ Option 2: Split the appraisal gap with the seller.
✅ Option 3: Cover the difference yourself.
✅ Option 4: Request a Reconsideration of Value (ROV).
That fourth option is one many homebuyers don’t even realize exists!
An appraisal isn’t necessarily the final word. If there are factual errors or additional comparable sales supporting a different value, your lender can help you explore the reconsideration process.
My goal is simple: Help you make smarter mortgage decisions with a clear plan.
