What happens if your home doesn't appraise? Does the deal fall apart? Does the seller have to lower the price? Does the buyer have to bring more money to closing?

In this episode of Living in Tahlequah, I'm answering one of the most common questions I hear from buyers and sellers. I'll explain what a home appraisal is, why appraisals sometimes come in lower than the purchase price, and the different options available to keep a real estate transaction moving forward.

Whether you're buying your first home, selling your current home, or simply want to understand how the appraisal process works, this episode will help you feel more confident before you reach the closing table.

In this episode, you'll learn:

• What a home appraisal actually is

• Why homes sometimes appraise for less than the contract price

• What bu ...