You won the bidding war โ $10K over asking. Then the appraisal came in $20,000 UNDER your contract, and the lender won't cover the gap.
Do you:
A) pay the $20K in cash,
B) renegotiate to the appraised value, or
C) challenge the appraisal? Drop A, B, or C
SF home prices rose 9.2% YOY in June to a record median $1.72M โ the fastest appreciation of any major metro. Nationally, the June median rose just 2.2%. The report ties the surge to SF tech and AI wealth flowing into luxury purchases; sales jumped 23% & pending sales rose 16.4%.