If your homes appraisal comes in low, you have 4 choices...
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1) Have the buyer come up with the difference in cash.
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2) Drop your purchase price to match the appraised value.
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3) meet the buyer somewhere in the middle... you drop your price, they come up with a little cash.
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4) cancel escrow and find a new buyer.
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The good news with option 4 is that a brand new appraiser will appraise your property. Hopefully they will appraise your home for the agreed upon purchase price. 🙏🏻🙏🏻🙏🏻
