What if the Appraisal Comes in Lower than the Contract Price? You have an accepted offer in on a house for $600,000. You have put down 25%. The appraisal comes in at $580,000. What do you do? First, you do not have to pay more than the house is worth, unless your would like to. Meaning you don't want to risk losing it. Of course this means you would have to come up with $20,000 out of pocket. You can walk away from the deal since the Contract DOES make execution contingent upon the house appraising at the value of the offer or above - not below. You can present an addendum to the … Continue reading...