The appraisal came in below contract price. Everyone panics. Here is what actually happens, in order. First, the lender only lends against appraised value, not contract price. So someone has to close the gap. Second, there are four ways to close it: the seller reduces, the buyer brings cash, the two split it, or somebody walks. That is the entire list. Third, an appraisal can be challenged, but only with real evidence — comparable sales that were missed, or facts about the property that were wrong. Wanting the deal to work is not evidence. What decides the outcome is usually how the contract was written weeks earlier.
Why it works: It teaches a specific mechanism other professionals can use with their own clients, which is what earns referrals rather than likes.