Help me I'm having buyer remorse

[Chris Parker]

So I'm signing papers to close the deal, we have the inspection done, earnest money of 1k, and the latest an appraisal.
So the appraisal shows a neighboring home that was sold last month, almost identical, that sold for 405k – The home we are purchasing is in contract for 463k! My first instinct is that I need to turn and run, and that’s what I’ve started to do.
I’m at the mercy of your advice. Is there something I'm missing?

[Franklin Romine]

@Chris Parker

Who cares what the price is.  How much income will it generate and what are your expenses.  Passive income comes before personal home expenses.

Frank