The appraisal is usually done by a licensed appraiser to give their professional opinion. Lenders would use this value to approve the loan amount you are applying for. In sizzling hot Seattle real estate market with multiple offers, sometimes the appraisal can come in lower that the agreed upon price.
Here are some options for home buyers to consider:
Here are some things to consider for listing brokers:
In general - it's not good to blast the appraiser, lender, realtors and seller when it occurs. As your professional realtor, I would advise you and make aware of the local real estate market and prepare comparative market analysis of what the property is worth for you to make an informed decision.