Day 14/100: The Appraisal Gap, Deal Breaker or Negotiating Tool? ๐Ÿ“‰โš–๏ธ In 2026, Southwest Michigan is seeing a โ€œPrice Reset,โ€ but that doesnโ€™t mean low appraisals have disappeared. When a home doesnโ€™t appraise for the contract price, it creates a โ€œgapโ€ that someone has to fill. The 2026 Data on Appraisal Gaps: ๐Ÿ“Š The โ€œLender Limitโ€: Your bank will only loan you money based on the appraised value. If the house is $400k but appraises for $380k, that $20,000 difference is your โ€œgap.โ€ ๐Ÿ“Š The 8.6% Rul
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