Quote:
Originally posted by pbs911
I don't see anything wrong. So he gave you a low appraisal, so what. Appraisals for financing purposes are always lower than the actual value. That's just how banks further protect their investment. Just as appraisals for divorse proceedings are generally higher. No two appraisors will give you the same value. if you don't like it get another.
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The low appraisal really is not the problem. The problem is the seller before talking with MY appraiser would have probably been willing to meet me in the middle in the event of a low appraisal. Now that she was told she could get $70,000 more no problem in the event I did not purchase the house and that the appraiser would pay full asking price is a problem. Honestly, you see no problem with this situation?