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Updated about 5 years ago,
Appraisal comes back below asking price
I am buying a brand new house, they did all the paperwork for $256k and the appraisal came back as $245k. The builder selling the house is saying the appraisal is wrong and they are willing to go down to $250k only. What happens when the appraisal comes back below the price the company is selling the brand new home? Have you seen a case like that before? Can i stay firm on the price and demand the price the appraisal mentions?