10/23/2026
A few open houses this weekend.
If you found one you love, here are a few things to consider.
Before deciding how much to offer, understand that the contract price and appraised value serve different purposes.
The contract price is what the buyer and seller agree to. The appraisal provides an independent opinion of value for the lender’s review.
If the appraisal comes in below the contract price, it does not automatically mean the transaction is over—but it may affect the financing and require the parties to consider their options.
Your real estate agent can help you understand the offer strategy and contract terms. Your lender can explain how different appraisal outcomes may affect the loan and funds needed.