If it appraises for less than the contract price, the seller will either have to agree to a reduced purchase price (which in today’s market is not likely) or the other option is the buyer can bring the difference to the closing table (which is more likely as there are plenty of people willing to do that to get a house currently). Or if both parties are motivated they can agree to something in the middle.

mal @ 12/8/2021 8:24

I'm rent for life bb. Owning a house is just renting from the government. At least if shit breaks I don't have to pay for it. Lol

You know that rent you pay? A component of that is intended to cover maintenance.

mal @ 12/8/2021 11:03

Thisisbourbon @ 12/8/2021 8:43 mal @ 12/8/2021 8:24 I'm rent for life bb. Owning a house is just renting from the government. At least if shit breaks I don't have to pay for it. Lol You know that rent you pay? A component of that is intended to cover maintenance. Still less than it would be if I paid property taxes and shit broke down

Again. You are paying property taxes with your rent.