07/27/2026
Once you're under contract, we'll order an appraisal to determine the home's market value. The appraiser looks at the property's condition, size, features, location, and compares it to similar recently sold homes.
The goal? To make sure the home supports the amount being financed.
If the appraisal comes in at or above the purchase price: ā
Great! You keep moving toward closing.
If it comes in low: Don't panic.
You still have options, including: ā¢ Renegotiating the purchase price with the seller ā¢ Paying the difference out of pocket (if it makes financial sense) ā¢ Challenging the appraisal if there are valid errors or better comparable sales ā¢ Exploring other solutions with your me & your Realtor. A low appraisal isn't the end of the dealāit's just another step to work through with the right team.
The more you understand the process before you buy, the less stressful it becomes.
The appraisal isn't a pass/fail testāit's a checkpoint.š¬ Have a question about appraisals or another part of the mortgage process? Drop it in the comments. If it's confusing, there's a good chance someone else is wondering the same thing.
