In Canada, a home appraisal is an important step in the home buying and selling process. It's a valuation of a property's worth, typically conducted by a professional appraiser who assesses the property's condition, location, and other relevant factors. However, sometimes a home appraisal may come in lower than expected, and this can cause some complications.
When a home doesn't appraise for the expected value, there are several things that can happen. One of the most common outcomes is that the buyer...