Day 14/100: The Appraisal Gap, Deal Breaker or Negotiating Tool? 📉⚖️ In 2026, Southwest Michigan is seeing a “Price Reset,” but that doesn’t mean low appraisals have disappeared. When a home doesn’t appraise for the contract price, it creates a “gap” that someone has to fill. The 2026 Data on Appraisal Gaps: 📊 The “Lender Limit”: Your bank will only loan you money based on the appraised value. If the house is $400k but appraises for $380k, that $20,000 difference is your “gap.” 📊 The 8.6% Rul
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Day 14/100: The Appraisal Gap, Deal Breaker or Negotiating Tool? 📉⚖️ …
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