Low appraisals do happen from time to time. It's rather rare, so we take them on a case-by-case basis of what our approach is to ameliorate the situation. Under no circumstances are you simply required to pay the difference on a low appraisal, like some companies require. Keep in mind that you can always cancel the deal, if needed. If there is a low appraisal, we evaluate the appraisal and make sure accurate numbers were used. Appraisers do make mistakes on square footage, bed/bath count, etc. We can contest the appraisal by providing more accurate information, or order a second opinion to have another appraisal done. We can also come up with a solution that makes sense for everyone to move forward based on price adjustments, or similar solutions depending on the situation.