What happens if the appraisal value is higher than the Option Price?

My house appraised for more than my buyback price, what happens next?

If a home appraises for an amount higher than the buyback price, no changes are made to the transaction price, allowing the resident to benefit from an immediate gain in value as soon as the transaction has closed. This means the resident gains the difference between the appraised value and the agreed buyback price, effectively providing them with instant equity in their home.