Appraisal Came In Lower Than Purchase Price - House Appraised Lower Than Offer

What are your options if the home you want to purchase has a lower appraised value than the purchase price you agreed on? This video explains what choices you have if there is an appraisal gap. It's important to know that you do have options and in many states there is a limited amount of time to make those decisions so it's best to know your options ahead of time. Here in South Carolina in the Midlands area, you have three business days to work things out with the seller. Hopefully, you'll never be in this situation!

This video may also help, it explains what an appraisal is and when you may need one.    • What is a Home Appraisal? - What do t...  

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