If your house is appraised for more than the asking or purchase price, then you’re in luck because nothing happens! In fact, you should pat yourself on the back for being such a good negotiator.
Neither you, the buyer, nor the seller will get any kind of reimbursement or the difference if the home is appraised for more than the purchase price.
Now, if your home appraises for less than the asking price, you have a different situation on your hands.
As a side note, don’t go back to the seller to show them the appraisal, either. You might cause a situation where they think they got ripped off and will do something nasty, like not go through with the sale.
