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My Appraisal Is Less Than Purchase Price?

The downside of a hot market and what to do

For the past two years, appraisal valuations have rarely fallen short. Instead, we routinely saw appraisals coming back at the purchase price—and often higher—due to the national pandemic-induced frenzy for real estate. Since February of this year, the music has stopped playing in many markets across the nation, and the real estate marketplace is balancing out