If the Appraisal is Low — Options & Scripts
When value comes in below price, you can renegotiate, bridge the gap, or cancel if your contingency allows.
Options
- Price reduction
- Closing credit to offset costs
- Buyer brings cash gap
- Cancel if allowed and on time
Scripts
- Price: “Appraisal returned at $X. Buyer requests new price of $X. See attached page.”
- Credit: “In lieu of price reduction, Buyer requests a $X closing credit.”