09/30/2026
when a buyer is using a loan, neither the buyer nor the seller gets to decide what the home is worth. the bank does. 🏡
after you go under contract the lender orders an appraisal. A third party comes in and determines the actual value of the home. and if that number comes in lower than what was offered, that gap does not just disappear.
the buyer does not have to pay more. the seller does not have to take less. so what happens next is either a renegotiation, the buyer pays the difference out of pocket, or the deal falls apart entirely.
just because someone offered it does not mean the bank agrees it is worth it. and that is a conversation a lot of buyers and sellers are not having until they are already in the middle of it. 💛
this is one of the most important things to understand before you ever go under contract whether you are buying or selling. knowing how to navigate an appraisal gap before it becomes a problem is exactly the kind of strategy that keeps deals together.
comment “value” below and let’s talk about how to protect yourself from getting stuck in this situation. 👇🏡