What should Robin do after an appraisal comes in lower than the contracted purchase price?

After an appraisal comes in lower than the contracted purchase price, reviewing the appraisal report for accuracy is a crucial step. This involves examining the valuation, comparable sales data, and the methodology used by the appraiser. The appraisal report provides insight into the property’s market value based on various factors, such as location, features, and recent sales of similar properties.

By carefully assessing this report, Robin can identify any potential errors or misinterpretations in the valuation. If discrepancies arise, Robin has the opportunity to address them, either by discussing them with the appraiser or bringing them up in negotiations with the seller. Accurate appraisal values are essential for ensuring that the investment is sound and not overpaying for the property.

The other options may be valid actions in different situations, but the first and most sensible step is to ensure that the appraisal is accurate before taking further action, whether that means negotiating with the seller or deciding on how to proceed regarding the transaction.