Sale price vs appraisal price

[Brendan Mcdaniels]

What are my options if an appraisal price is lower than the sale price?

[Jeff Dulla]

@Brendan Mcdaniels I think the most important question to ask is why did the appraisal come in lower? Are you sure the value isn't there? The appraisal process is obviously helping to vet things out for the bank/lender but its also supposed to protect you from a bad investment. 

If you believe the value is there, you can ask the lender to rebuttal the appraisal or see if they have a policy that allows for you to point out a material error in the appraisal and ask for a new one to be done. Many lenders will not allow for another appraisal just to be ordered.