What Is an Appraisal Gap (and What Can You Do About It)?
Over the course of a sale, you may face an appraisal gap when the lender’s appraisal falls below your offer; this piece explains causes, common outcomes, and practical steps you can take to bridge the difference and protect your purchase. Key Takeaways: An appraisal gap occurs when a home’s agreed purchase price exceeds the lender’s…