A few weeks later we get a letter from State Farm itself, saying it has denied our policy and it will be canceled in a few weeks.Is this normal?

You know why it is worth $130K later?

Am I understanding correctly that it will be available to watch/ listen to later on?

If the appraisal, comp, etc justify the higher price, and if the property you are closing on appraised for 463k and it's a fair appraisal and you plan to hold it while it appreciates then sell later, you might be worrying unnecessarily.If you really want to back out of the deal, read the purchase contract to see what you'll lose if you back out RIGHT NOW --- If all you'll give up is your earnest money --- you might want to reconsider the purchase?

The real value in buy and hold comes later on when the property is paid down to the point where you can leverage that equity into larger purchases and/or have the debt gone completely and provide more substantial cashflow. 

Later on, I quit her too!

You can always refi later if rates stay low or your value climbs once that shopping center goes in.

Wife passed without a will (no probate was opened) and husband passed several years later (went through probate). 

The city is taking action for "lateral" earthquakes, an example for this is on concrete basements, these doesn't apply, because there are shear walls below the building to hold its weight. 

It just seems that if it doesn't sell now, then it won't sell later?