What Happens If My House Doesn’t Appraise for the Purchase Price?

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So what happens when a home appraisal is low? Do you automatically have to pay the difference as the buyer or do you have to lower the price as a seller? In today's video, I cover these questions as well as what an appraisal is, how house prices rise if appraisals are based on previously sold houses, and what an "appraisal waiver" is.

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Timestamps:
0:00 - Intro
0:17 - What is an Appraisal?
0:49 - Appraisal vs CMA
1:33 - How Are House Prices Rising?
1:57 - What Happens When an Appraisal Comes in Low?
3:22 - What's an Appraisal Waiver?
4:22 - If the Appraisal is low, do I have to come up with the difference in cash?
6:34 - Houston Housing Market Update & Top Communities in Katy ISD

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