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Sellers - how do you handle an appraisal coming in lowww low compared to your asking price?

We’re in love with a 1960’s built country brick home on some acreage (the exact acreage isn’t known). The homeowners don’t want to wait for a survey to be completed.

We think the appraisal is going to come in anywhere between 40-78k under their asking price (from talking to the appraiser, it’s still pending) there’s no record on when the roof was last done, the septic, or any updates since 1980. They also removed the wood burning furnace. It’s a 3 bed 1 bath. I want the home for whatever it appraises for, obviously not paying over appraisal.

If it comes in way under, do you still sell it for that price? Do you wait and hope you can get someone that’s a cash buyer with no appraisal who over pays?

submitted by /u/Remarkable_Royal_175
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source https://www.reddit.com/r/RealEstate/comments/1uddx4m/sellers_how_do_you_handle_an_appraisal_coming_in/
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