What Omaha Buyers Should Know About Appraisal Gaps

In competitive markets, appraisal gaps can catch buyers off guard. Here’s what they mean—and how to navigate them smartly in Omaha.

What’s an Appraisal Gap?

It happens when a home appraises for less than the price you offered. Lenders won’t finance more than the appraised value, leaving a gap to cover.

Example

Offer Price: $350,000

Appraised Value: $335,000

Appraisal Gap: $15,000 (you may need to bring this in cash)

Your Options

• Negotiate with the seller to lower the price

• Cover the gap out of pocket

• Cancel the contract (if you have an appraisal contingency)

Conclusion

Appraisal gaps can be tricky—but not unmanageable.

We’ll help you navigate this with the right strategy and protections in place.