You offered $400K, but the home appraises for $380K. Now what? That $20K difference is the appraisal gap, and an appraisal contingency may give buyers options if the numbers don’t line up. Learn more about appraisal contingencies at rocketmortgage.com/learn/appraisal-contingency All mortgage lending products and services are provided by Rocket Mortgage, LLC | NMLS #3030; NMLSConsumerAccess.org