Real Estate Essentials: Understanding Appraisals and Their Impact | The Knowledge Broker Collection

Summary of the Video: Understanding Appraisal Gaps

The video discusses the concept of appraisal gaps, which refer to the difference between the appraised value of a property and the agreed upon sales price.

The video highlights the importance of understanding appraisal gaps for both buyers and sellers in real estate transactions. By recognizing and addressing appraisal gaps, parties can negotiate more effectively and proceed with a successful transaction.