Complete Appraisal Service Inc.

A professional appraisal protects both the lender--so they don't lend more than a property is worth--as well as they buyer--so they don't PAY too much. If a buyer gets into the heat of the moment and offers a silly (too high) price on a home, the appraisal will often flush it out..

 If the appraisal is lower than the maximum amount the lender is willing to finance, then the loan cannot proceed unless either the seller lowers the price or the buyer increases the amount of their cash downpayment, meaning a re-opening of negotiations for the home purchase. Although an appraisal is not always locked in stone and there may be some "sliding" of the appraisal numbers, if the appraisal comes in considerably below what you have offered to pay, your first inclination should be that you are paying too much.