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First time seller. Buyer asking for price to be drop to appraisal value. Normal? Advice?

I am a first-time seller. I am selling a 100+ home in a historical district. To make it what buyers want, there is work to be done. Both the buyers and I know that. The house is livable (I've had renters in it for many years.) but is old. Turnaround times in offers has been within the day. So I know they have a high interest.

  • Asking 650
  • Offer 605
  • I counter 635
  • They counter 625
  • I hold
  • They accept 635
  • After inspection they want 20k for repairs
  • I refuse
  • They ask for 10 or pull the deal
  • I accept (635 and -10K for repairs)
  • Appraisal come in at 615k, they want me to lower the price to 615.

I know everything up until now is normal, but asking the price to go for the appraisal price? Is that common practice? Thoughts?

submitted by /u/No-Net-1188
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source https://www.reddit.com/r/RealEstate/comments/1kj4aft/first_time_seller_buyer_asking_for_price_to_be/

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