Today’s vocab? Appraisal Gap
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. 💢
If you’re ready to start your home-buying journey and need a Mobile, AL real estate professional to help you every step of the way, we got you! 🙌 DM us for more info. 😊
