What does my buyer's agent do if my appraisal comes in under the contract price?

A buyer's agent facing a low appraisal first reviews the appraisal report for comparable sales the appraiser may have missed and requests a reconsideration of value with the lender. If the value stands, the agent then negotiates with the seller for a lower price, helps you cover the gap in cash, or moves to cancel under an appraisal contingency if the contract includes one. Joel Boss walks buyers through each option so the decision fits their actual finances.