There is an article on appraisals and how they may be affecting the market in today's New York Times (at link below).
I'm wondering what experiences people have had recently with banks and appraisals. How often does it come in low? What have you done if it does?
(We have an accepted contract and will be moving in to that phase soon, but I have been curious about this for a while.)
Here is a link that might be useful: NYT article on appraisals