What happens if the appraisal is less than the offer, but not less than the loan value because of yoI am a first time home buyer and found a home within my price for sale with a realtor. At the time of inquiry I did not have a realtor and the seller's realtor said she would represent both me and the seller. It's been ok until now and I think the house is going to appraise lower than our offer (350K). We have 20K in a downpayment, which brings our loan price down to $310K. What happens if the house appraises for $315K; above the loan price but below the offer price? Does the appraisal contingency still apply? Can we get our own realtor mid way through the process to help?August 15 2012 - Staten Island00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.