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hey yamp;#39;all zach donald your real estate agent with real property associates and if you find yourself watching this video it means one of two things either youamp;#39;re curious what happens if your appraisal comes in below the purchase price or your appraisal already did come in below the purchase price before we discuss the actual steps of handling a low appraisal letamp;#39;s talk about the appraisal contingency the primary place youamp;#39;ll see an appraisal contingency at least in washington state is part of the financing addendum in the financing addendum there is typically a clause that discusses what happens in the event that the appraisal comes in below the purchase price this clause spells out the process of how this is going to be handled youamp;#39;ll also find that in a contract it doesnamp;#39;t have a financing contingency you can other times put in an appraisal contingency so sometimes in competitive situations my clients elect to not include a financing con