One of the fastest ways to derail a real estate transaction is to have the appraisal come in lower than the contract sale price for a property.  We like to think of the real estate market as the bastion of the free market.  Buyers and sellers can transact freely and negotiate terms that are acceptable to each of them.  However, given that mortgage lending is required for the majority of real estate transactions, there can be some hang ups when a lender gets involved.   Mortgage lenders are educated […]