Appraised Over Purchase Price

[Andrew Foley]

Hi All!

So my appraisal came in $10k over purchase, accepted offer price. Am I able to negotiate a lesser down payment with this? Or what are my other options now?

Thank you !!

[Jaron Walling]

@Andrew Foley You'll just buy property at the agreed PP and terms approved by the lender. At the time of purchase the value is based on the lesser of the appraised value or purchase price. You'll have additional equity from the lenders prospective but can't reduce the DP.