How To Deal With Appraisal Gaps
When supply is low and demand is high, this naturally causes home prices to rise. Then rising home prices can affect home appraisals. In this market, many home appraisals are coming in lower than what the buyer agreed to pay for a house, which is causing a problem known as an appraisal gap. Today I’ll share what buyers and sellers can do to prepare for appraisal gaps. To learn what you need to know, watch our latest video.