Brampton Mortgage Broker – Rumy Gill

Commercial & Residential Mortgages. “Ready To Fund!”

Brampton Mortgage Broker - Rumy Gill

Low Appraisal on Your Home Purchase: What to do now?

Low Appraisal on Your Home Purchase: What to do now?
A low appraisal can feel like a gut point amid your home buying journey. You've found the perfect place, your offer is accepted, and suddenly, the financing throws a wrench into your plans. Don't panic! While a low appraisal presents a hurdle, it doesn't necessarily mean the deal is dead. This blog will provide you with the knowledge and steps to navigate the situation and potentially save your dream home purchase.

Understanding the Appraisal and Why it Might Be Low

The first step is understanding why the appraisal was lower than the purchase price. Appraisers consider many factors when determining a home's value, including:

Taking Action: Strategies to Address the Low Appraisal

Once you and your realtor have reviewed the appraisal report, you can explore several options:

Making an Informed Decision

It's necessary to consider all the possibilities carefully before deciding how to proceed. Here are some factors to consider:

Seek Professional Guidance

Throughout this process, your realtor is your key partner. They have the experience and expertise to navigate appraisal issues and advise you on the best action.

Here at Brampton Mortgage Broker, we understand the disappointment and stress that can come
with a low appraisal on your dream home. The Brampton housing market can be competitive,
and financing hurdles can be overwhelming. That’s where we come in. Our team of experienced
mortgage brokers has a proven track record of helping clients overcome appraisal challenges and
secure the financing they need.


A low appraisal can be a setback, but it doesn't have to derail your home buying journey. Understanding the reasons behind the appraisal, exploring your options, and working collaboratively with your realtor can increase your chances of securing your dream home. Remember, communication and a proactive approach are crucial to finding a solution that works for you.

Don’t let a low appraisal prevent you from achieving your homeownership goals. Contact
Brampton Mortgage Broker today for a free consultation. We’ll work tirelessly to find a solution
that gets you into your new home.

Contact us today by clicking HERE to schedule a 30-minute meeting. Our team at Brampton

Send Us A Message

1 Step 1

I Consent to receiving communication from Rumy Gill