Do Sellers Usually Lower Their Price After An Appraisal?

An image that portrays a lower price

Yes, sellers frequently reduce prices when appraisals come in low, especially in balanced or buyer’s markets. However, their response depends on several key factors including market conditions, appraisal gap size, and personal circumstances. When a home appraises below the contract price, sellers typically choose one of three options. They either match the appraised value, split […]