What to do when the appraisal comes in too low and you can’t close: 6 crucial lessons for buyers and agents

by Mark Weisleder - Senior Partner, RealEstateLawyers.ca LLP | Jan 30, 2024 | Advice for Agents, Guest Columns

Because of changing market conditions, buyers who may have been pre-approved for purchase may find out later that, as a result of a low appraisal done before closing, their mortgage loan amount has either been reduced or cancelled and they may not be able to close...