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Home buyers are making all sorts of sacrifices in today’s market. Without enough homes to meet demand, some buyers are eliminating contingencies and offering way more than the listing price. That may be a simple transaction if you’re paying cash, but for those getting a loan, a “gap” between the sky-high amount offered to clinch the deal and the appraised value of the home could be a deal breaker. A lot of buyers are resorting to extreme measures to win the home they so desperately want to buy. They may offer $50,000, $100,000 over asking and waive ALL contingencies, meaning that if they back out, they lose their deposit. And then when it comes time to get the house appraised, buyers are finding out that the lender will only cover, let’s say, 80% of the appraised value. That means the buyer’s down payment must include the other 20% PLUS any amount the buyer offered to win that home. That’s left some buyers scrambling to make up the difference for what’s being called “the appraisal gap.” HousingWire heard from