A high appraisal means an appraiser thinks a house is worth more than what a buyer has agreed to pay for it, while a low appraisal means a home's value comes in below its selling price.
Low appraisals are more common in a seller's market where housing prices are skyrocketing vs. a buyer's market. 21% of all real estate contracts don't close as planned due to appraisal issues, according to the National Association of Realtors May 2022 Realtors Confidence Index survey.
Find a realtor for advice on how to maximize your home's appraisal value.