Appraisal fell short

[Michael Clevenger]

Trying to wrap up my first flip. I've learned a lot throughout the process. My latest lesson regarding the appraisal. 

Turned the house into a beauty. But now my asking price is 30k higher than the appraisal! The buyer's are not able to pay the difference and I can not take the hit. Any advice from BP?

List price: 345,000

Buyer paying list price 345,000

Appraisal: 315,000

[Wayne Brooks]

If that was an FHA buyer, you're stuck with that appraisal for All FHA buyers for 6 months.