Buy / Path to Keys / Step 15
15
Appraisal
By Day 14Sample date Mon, Nov 9Phase 3 · Escrow & contingencies
Your lender orders an appraisal. If the value comes in below the price, the lender lends based on the lower number and you cover the gap or renegotiate.
What you do
- Know how much extra cash you'd add if value comes in short
Who does what
AppraiserVisits and values the home.
LenderOrders and reviews the appraisal.
Your agentSends the appraiser supporting comps.
Good to know
- Low appraisal options: renegotiate, cover the gap, split it, or cancel while the contingency is open
Ready to start at step 1?
Text or call. I'll give you a straight answer.