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If your buyer is financing their purchase, the lender will require an appraisal to confirm that your home’s value supports the loan amount. This step typically follows inspections and is essential to moving the transaction forward.
A licensed appraiser will visit your home to assess its market value—not its condition. They’ll take photos, measure square footage, evaluate upgrades, and compare your home to similar recently sold properties in the area.
While we don’t influence the final valuation, we advocate for your home by providing accurate comps, highlighting improvements, and sharing neighborhood insights. This helps ensure the appraiser sees the full picture.
If the appraisal comes in lower than the contract price, it creates an “appraisal gap.” The buyer may cover the difference, renegotiate, or cancel the contract if protected by a contingency. We prepare for this possibility upfront by negotiating appraisal gap coverage when appropriate.
Our proactive approach helps protect your sale price and keeps the transaction on track—so you can move forward with confidence and peace of mind.
👉 Download your complimentary copy of the Selling Your Home with Confidence and Peace of Mind workbook here: https://forevermorehomes.com/resources
Next up: We’ll explain the mortgage contingency and how we monitor the progress of your buyer’s loan approval.
The Forevermore Homes Team of Coldwell Banker is committed to guiding seniors and their families through every step of the sale with clarity, care, and expert advocacy
