Finance
A Wyoming property's appraisal comes in $15,000 below the agreed purchase price. The buyer can:
AOnly terminate the contract
BNegotiate a price reduction, pay the gap in cash, or terminate if the contract has an appraisal contingency✓ Correct
CForce the lender to fund the higher amount
DIgnore the appraisal if they have strong credit
Explanation
When an appraisal comes in low, the buyer's options typically include: negotiating a lower price, paying the difference out of pocket, or terminating the contract if there is an appraisal contingency.
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