Successful appraisal today! There are times when the appraisal report comes in lower than the offer price. What you need to know…. If the appraisal is lower than the offer, the buyer’s loan may not get approved. You could lose the sale if you can’t agree on next steps with the buyer. Appraisals mostly rely on the details of comparable home sales (aka comps) in your area to determine the value of your home Negotiating is always an option after a low appraisal. Talk to the home buyer and the real estate agent about making up the difference or renegotiate the purchase price with the seller. Meet in the middle. There are options rather than walking away from the deal. #kathystreffaciorealestate #bankappraisal #savethedeal https://www.instagram.com/p/Cn5mRJPO24_/?igshid=NGJjMDIxMWI=