Answer: An appraisal gap occurs when the appraised value comes in below the agreed purchase price. In Chandler, this can often be negotiated depending on terms and buyer strength.
Appraisal gaps occur when market demand moves faster than comparable sales data.
Managing Gaps:
• Renegotiation options
• Financing impact
• Market leverage
FAQs:
• Do appraisal gaps kill deals? Not always—they can be resolved strategically.
