Not necessarily. You have several options before reducing your price: request a reconsideration of value with additional comparables, ask the buyer to cover the gap with extra cash, or negotiate a split. If the buyer has an appraisal gap clause, they are already contractually committed to covering a shortfall. Only renegotiate if the gap is substantial and the buyer genuinely cannot bridge it.
From the seller playbook: Managing Appraisal Risk Post-Contract
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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