What Is Appraisal Gap Coverage?
In the Denver real estate market, we’re seeing buyers competing fiercely in multiple-offer situations. Often, this results in the house price going significantly over asking price. One of the tactics we’re seeing some buyers use is appraisal gap coverage. This way, if the house doesn’t appraise, the seller will still be happy. To learn more about appraisal gap coverage, watch this short video.