What are my options if the house I'm buying doesn't appraise? What happens if you are under contract to buy a house and the appraisal comes in low? You've completed your inspections, and all went well. Repair issues have been worked out with the Seller. You've applied for your mortgage. During this process, your lender will order an appraisal of the house. They want to be sure of its value before loaning you the money. Usually when the appraisal is done, either the listing agent or the buyer's agent involved in the transaction will meet the appraiser with comps - comparable sales … Continue reading...
