Seller is under contract, but doesn't want to do an appraisa!

[Fionna Chau]

Hello BP community, I wanted to come on here for some advice on a scenario with a seller.

My fiance and I are under contract for a SFH, our offer is 300K with the listing at around 260K in a desirable neighborhood. This house shouldn't have a problem appraising around our offer price because of the location and the comps in the area. However, the seller is now worried about the appraisal being much lower than our offer and wants us to sign an addendum to a minimum of 290K. We did not agree to this addendum because negotiations should have been made prior to being under contract and we know we have a strong original offer including an appraisal gap of 5K, amongst other things. We are hesitant in deciding whether we should counter with our own addendum or hold the seller to the contract as is.

Our appraisal is coming up soon in a few days and the seller is refusing the appraisal which would breach of contract. There are a few other things that have popped up but we wanted some input or if this has happened to any of you and what the outcome was in your situation.

Thank you so much! You can also DM as well.