Waiving the Appraisal Gap Can be Both a Bargaining Chip and Big-Time Risk for Home Buyers

While luxury home sales have declined in many markets, pockets of heated activity remain, where inventory is scant and bidding wars are still common. If you’re looking for a home in one of these markets, should you make yourself a more competitive buyer by waiving the so-called appraisal gap to entice a seller to accept your offer?