If the appraisal value is lower than the agreed-upon purchase price, several options are available: Renegotiation: The buyer and seller may renegotiate the price. Additional Down Payment: The buyer may increase their down payment to cover the difference. Dispute the Appraisal: Request a review or second appraisal if inaccuracies are suspected. Cancel the Transaction: If the appraisal contingency in the contract allows, the buyer may cancel the transaction.