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  "author": {
    "name": "Kelby Contreras - Realty ONE Group Evolution",
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  "headline": "Handling Low Appraisals in Luxury Property Deals in Miami",
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    "name": "Kelby Contreras - Realty ONE Group Evolution",
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  "articleBody": "A low appraisal can feel like a curveball in a luxury property deal, especially in a dynamic market like Miami. When the appraisal comes in below your agreed-upon purchase price, it creates a gap that needs to be addressed. It’s a common scenario, and knowing your options is key to keeping your deal on track.\n\n**How to Compare Your Options**\nFirst, understand that a low appraisal doesn't automatically kill the deal, especially if you have an appraisal contingency in your contract. If you do, this contingency generally allows you to renegotiate the price with the seller, or potentially terminate the contract. Without a contingency, you might be obligated to cover the difference between the appraised value and the purchase price out of pocket. Your options often boil down to three main paths: renegotiating the purchase price with the seller to match the appraised value, covering the appraisal gap with additional cash, or, if your contract permits and you have an appraisal contingency, walking away from the deal. Sometimes, a combination is possible where both buyer and seller contribute to closing the gap. It's crucial to assess the property's true value, your financial flexibility, and the seller's willingness to compromise. Kelby Contreras brings strategic negotiation skills and market insight to help you navigate these challenging situations in Miami, advising on the best course of action. Facing an appraisal gap? Contact us at 1-646-404-8166 for expert guidance.",
  "datePublished": "2026-10-01"
}