Even the wiring instructions were incorrect.

Qualified Use and Like-Kind Property Requirement There is lots of incorrect information floating around the internet regarding Qualified Use Properties and Like-Kind Properties.  1031 Exchanges apply to both real estate and non-real estate, referred to as personal property. 

Also search- 'Future buyers of my property will no longer be able to obtain title insurance because I filed an incorrect and invalid quitclaim deed.

Get your credit report (the actual report, not just the scores) and make sure nothing is incorrect.

The seller accepted and we put the property under contract.It turns out the agent was given incorrect information.

"Incorrect AboveThe "line in the sand" is not prior relationship; it is whether the investor(s) is a material participant in the operation of the property or is a "passive" investor.  

A lot of the information that was posted on here is incorrect, but the likely answer you will receive is that if it's your personal residence an entity will do you no good, but speak to a professional.

There is the additional risk of pricing the house incorrectly and losing money because of it.

     The statement above that says "banks lend on appraisal, that's it" is incorrect in my experience.  

I may be incorrect but I am interpreting that you are throwing out purchase prices without doing any calculation prior.