In real estate, there are several circumstances when your entire transaction hangs in the balance, based on the results of an appraisal:
When you are buying a home, you need the appraisal of the home you are buying to match or be higher than the price you have contracted.
Conversely, when you are selling your home, you will want to appraisal value to match or be higher than your selling price.
And finally when you are refinancing your home, you want the appraisal to be as high as possible.
So what do you do if that all-important appraisal comes in lower than expected?
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