What happens if the house doesn't appraise at or above the purchase price?

After the offer acceptance and before the Closing Deadline (typically within 30 to 40 days for most listings), if you do not purchase the home due to your lender declining the loan because of a low appraisal, then Faira will refund any paid Platform Fee, provided the following conditions are met:

a) you share the lender's appraisal with Faira and with the sellers.

b) the lender's appraisal is below the purchase price and below the value mentioned on the Appraisal Guarantee.

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