What happens if the appraisal comes in low when buying a home in Dewees Island?

A low appraisal when buying on Dewees Island means the lender will only finance up to the appraised value, which can be a sharper issue there than on the mainland since so few comparable island sales exist for the appraiser to work from. The buyer, seller and lender then negotiate a revised price, a cash gap payment, or an exit under the appraisal contingency. Brian Beatty helps buyers weigh those options against Dewees Island's thin comp pool.