When a home appraisal comes in below the contract price, sellers cannot simply cancel the purchase agreement without potential legal consequences. A signed purchase contract

Real estate valuation determines a property’s current worth based on future benefits of ownership, using three primary methods: comparative sales approach, cost-based approach, and income

Over-inflated loan appraisals occur when a property is valued 10-30% above its true market worth, potentially costing buyers thousands in overpayment and creating financing complications.