Do not accept an appraisal gap clause at face value. Audit the buyer's REBNY Financial Statement to confirm they have enough liquid cash to simultaneously cover the down payment, closing costs, the maximum appraisal gap amount, and still meet the building's post-closing liquidity requirements. Buyers with maximum leverage - like 10% down - rarely possess this capacity and represent your highest risk.
From the seller playbook: Appraisal Gap Capacity Analysis
This is general information, not legal, tax or accounting advice. Every situation is different. Talk to a licensed attorney, accountant or tax professional before you act.
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