The offer price and lender value disagree. Now what?

Start with the report, not a reaction

The appraisal is a professional value opinion for lending; it is not the seller's asking price or an automated website estimate. Read the property description, square footage, condition notes, and comparable sales. If something material is wrong, give documented information to your lender and ask about its reconsideration process. Do not try to pressure the appraiser to reach your offer number.

See what the lender will actually finance

A lower appraised value may mean a larger gap between the loan the lender will make and the contract price. Ask for a revised written cash-to-close figure and payment. Before agreeing to bring more money, consider whether that leaves enough for reserves, repairs, and moving. A buyer who can technically fund a gap may still decide it is too much risk.

Negotiate with evidence

The CFPB notes that a buyer can ask the seller to lower the price when an appraisal is below the sale price. Share the appraisal issue through the proper transaction channels and focus on verifiable property facts and comparable sales. Other terms may also be discussed, subject to the contract and lender. A seller is not required to accept a new price, and a lender is not required to finance above its rules.

Read the contract before choosing to walk

Appraisal, financing, and other contingencies are contract-specific, with deadlines and notice requirements. Whether cancellation affects a deposit is a legal question, not a generic internet answer. The CFPB suggests consulting an attorney about the options and possible costs. Ask your agent and a qualified attorney to identify the exact dates before you waive or exercise any right.

Quick answer

Can I simply pay the appraisal gap?

Possibly, if you have funds and the lender permits the structure. First calculate revised cash to close and remaining reserves; paying more than appraised value carries risk.