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Updated over 6 years ago,
Appraiser Value is less then Sale price? what should I do
Hello BP members...
I have a flip home that's in the contract for $132K.
The buyer is going thru an FHA loan, and the appraised value came out to $125.
The buyers don't have the 7K to cover the difference, and b/c its some sort of FHA loan.. they pretty much have little Down Payment.
Can anyone suggest any other option for the buyers (and or me) so that this deal can close at 132k?
- Jai