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What If The Appraised Value Is Less Than Sale Price? - OurBroker : OurBroker

What If The Appraised Value Is Less Than Sale Price?

Lenders will provide financing on the basis of the sale price or the appraised value — whichever is less. This means if the appraised value is less than the sale price, the seller may have to lower the price, the buyer may have to offer more cash, or both parties may need to make some concessions.

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