What Happens if My Home Doesn’t Appraise?

If it does not appraise, the buyer would not be able to obtain their loan unless they came out of pocket with monies to do so. It depends on how badly they want to purchase it and if they have the funds to cover it. Otherwise, it could be split or the price could be reduced to match the appraisers number. The appraisal can always be challenged, but I have not seen many appraisers turn over their values.