08/03/2026
An appraisal is a professional opinion of what a home is worth to help ensure the price matches its market value. 🏡💰
If the appraisal comes in:
- At or above the purchase price, the transaction can typically move forward.
- Below the purchase price, the buyer and seller may need to renegotiate the price, the buyer may need to pay the difference, or another solution may be negotiated.