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Updated about 6 years ago,

Jared Cornelison's profile image
Jared Cornelison's profile image
Jared Cornelison
  • from Honolulu, Hawaii
  • Member since Dec 5, 2016
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User Stats

9
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7
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Jared Cornelison's profile image
Jared Cornelison's profile image
Jared Cornelison
  • from Honolulu, Hawaii
  • Member since Dec 5, 2016
Connect
Jared Cornelison
  • Honolulu, HI
7
Votes |
9
Posts
Short-Term & Vacation Rental Discussions

Did I offer too much?! What should I do?

Jared Cornelison
  • Honolulu, HI
Posted

I made an offer $12K below asking price for a vacation condo in Hawaii and have it under contract. Everything has been going smoothly with the process until I just saw that the appraisal came back BELOW our purchase price! by -$32K!

 I haven't heard yet whether that will keep my bank from funding the loan or not but doesn't that mean I am paying way too much for it? 

What should I do? 

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