When undergoing an appraisal as a seller, the valuation of your property can have different outcomes. Here's what you can expect in each scenario:

1. Low appraisal value: If the appraisal value comes in lower than your desired or listed price, several things may happen:

• Buyer financing challenges: If the buyer is relying on a loan, the lender may refuse to lend the full amount based on the appraised value. This can result in the buyer having difficulty securing the necessary financing. Consult with your agent and lender.
• Renegotiation: The buyer may request a price reduction to match the appraised value. As a seller, you can choose to negotiate and lower the price to keep the transaction moving forward. Alternatively, you may explore other options such as offering concessions, repairs, or credits to bridge the gap between the appraised value and the agreed-upon price.
• Second opinion: In certain situations, you may have the option to request a second appraisal or challenge the initial appraisal if you believe it is inaccurate or flawed. However, this depends on the buyer's lender and their policies.

2. Appraisal at the desired or listed value: If the appraisal comes in at the same value as your desired or listed price, it means the property is appraised for the expected amount. In this case:

• Confidence in the sale: An appraisal at the desired or listed value provides validation that your property is valued appropriately based on market conditions and comparable sales. This can instill confidence in the buyer and increase the likelihood of a smooth transaction.
• Financing: The buyer can proceed with their mortgage financing without any complications related to the appraisal value, as it aligns with the agreed-upon price.

3. Appraisal above the desired or listed value: If the appraisal comes in higher than your desired or listed price, a few things can occur:

• Potential negotiation leverage: A higher appraisal value can work in your favor during negotiations. It may provide an opportunity to negotiate better terms with the buyer, such as a higher purchase price, fewer contingencies, or additional concessions.
• Buyer financing: While a higher appraisal value is beneficial, it may not directly impact the buyer's financing terms unless they decide to adjust the purchase price accordingly. The buyer's lender typically bases the loan amount on the lower of the appraised value or the purchase price.

It's important to note that the specific outcomes may vary depending on the contract terms, buyer's financing situation, and the negotiation dynamics between you and the buyer. Working closely with your real estate agent can help you navigate the appraisal results, evaluate your options, and determine the best course of action to proceed with the sale of your property.