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Realtor Stephanie Jones breaks down what Appraisal Gap Coverage means for homeowners and buyers

Published: May. 9, 2022 at 8:40 AM EDT
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MARQUETTE, Mich. (WLUC) - Stephanie Jones says appraisal gap coverage is an agreement between the home buyer and seller.

It covers the difference between the offer price and the appraised value. It is written into your buying offer and includes a specific dollar value.

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