But there are other options as well.
1. We all make mistakes and so do appraisals.
The appraisal may not be familair with the area and is coming from Dallas to appraise a Katy home.
2. Get a second local appraisal.
3. Ask your agent to run the comps in the area how he determined the selling price initially.
4. Some of the upgrades to the house may have been forgotten by the appraisal.
Hoping this helps.
Kadi. - http://realtytimes.com/REUv/KadiKadibhai
Lynn911 Dallas Realtor & Consultant, Credit Repair Advisor
The title of the blog post is Low Appraisal? 3 Ways to Save the Sale of your Home. Here is the link, http://www.sellingsouthoftheriver.com/blog/low-appraisal-thr
I sure hope it helps. I also have another post on the blog site entitled Reasons for a Low Appraisal on your Home. Let me know if you have any questions.
If the Buyer really likes the property then he or she has to come up with the difference.