Hi, what happens if my house appraisal is low?

Asking price of 600k. Selected best offer at 640k. They offered 10k appraisal gap. What happens if the property appraises low? That is to say what happens if the property appraises very low say below 580.

What happens if I’m no longer comfortable selling the house if the appraisal is too low for me? What kind of payments or fees would I be paying if I back out?

Cat tax https://imgur.com/a/aX8P4fb

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Asking price of 600k. Selected best offer at 640k. They offered 10k appraisal gap. What happens if the property appraises low? That is to say what happens if the property appraises very low say below 580. What happens if I’m no longer comfortable selling the house if the appraisal is too low for me? What kind of payments or fees would I be paying if I back out? Cat tax https://imgur.com/a/aX8P4fb submitted by /u/afasia [link] [comments]

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