Would you entertain an over priced multifamily property?

[Nad V.]

Have you ever put an offer on a property at asking price or below asking price even though the CMA states the property should be listed for an amount lower than what the owner is asking?

For example, the owner has a duplex listed for 325k and the buyer and seller negotiates a deal at 285k contingent on appraisal; however the buyer did its due deligience and conducted a CMA that states the multifamily property should sell for 165k, have you simply signed a deal with the anticipation that the Seller may agree to the appraised value once the bank appraises its?

Just time, inspection and the appraisal fee would be invested and lost if the seller walk.

But possibly worth it, if the seller agrees to the appraised value. 

Your experience and input would be greatly appreciated.

Thank you in advance.