Seller not responding with 2 weeks until closing

[Account Closed]

Currently in the process of buying a home (or so I thought) and I just got the appraisal with two weeks until settlement. The appraisal was $10,000 less than the price we agreed on. Seller was also paying full closing costs. 

We offered the appraisal price plus seller still pays full asking since we don't think we should be punished for them listing it over what it's worth. 4 days later and we still haven't heard back. What would you do in this situation? The seller has been giving us a hard time since the start when it comes to negotiating, we wonder if they are just waiting for us to put in another offer more in their favor (we pay full closing). Should we just back out and continue our search?

Thanks!

[Shane Baganz]

It's difficult to understand all that you have in front of you, the intangibles so to speak.    And, you know the facts.  Unless its a cash offer, the house will sit.  Banks won't go over appraised value.

It also appears that you may be emotional and frustrated over this deal.  Anyone would be.  But, here's the key.  Keep emotions out of it and walk away.  The owner may feel you'll come up more.  When you don't, they may become fearful of losing your deal.  Then, guess who has the upper hand? You do.  Bring the right mindset to this deal.  Pay attention to your gut.  If you've been calling, stop.  See what happens....