What is an appraisal gap?

Word of the Day: Appraisal Gap.
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An appraisal gap is a difference between the fair market value determined by the appraiser and the amount you agreed to pay for the home.

It’s essential to protect yourself going into the contract and to have a plan on how to proceed, should the appraisal come in lower.
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Ready to start your mortgage process? Let’s get you pre-approved. DM me to get started. You can also send an email to: Kiel.ecimovic@edgehomefinance.com.
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