Can A Buyer Walk Away After Appraisal?

Buyer walks away after appraisal results

Yes, buyers can legally walk away after a home appraisal if certain contract conditions exist. When a property appraises below the purchase price, buyers with an appraisal contingency clause can exit the transaction without losing their earnest money deposit. This happens in approximately 8-10% of home sales nationwide, and understanding these dynamics is essential whether […]