Bridging The Appraisal Gap In A Hot Real Estate Market

2021-07-17T12:59:19-04:00July 17, 2021|Categories: Buying a Home|Tags: , , , , , , , , , , , , , , |

You may have heard that there’s a shortage of available homes on the market. And it’s sparked bidding wars amongst eager (and sometimes desperate) buyers who are just looking for a place to live. This is causing homes to sell at record highs. Then it happens... the home appraisal comes in LOW 📉😱! With how quickly homes have been appreciating, comparable sales, which are typically used for appraisals, can be lagging, causing what we call an “appraisal gap.”