Appraisal came back low.
We recently had an appraisal come back at $5000 below our offer. (Offer $119,000 and appraised at $114,000.) our agent and selling agent think this is to low. I like the numbers better. Agents say they want to challenge the appraisal or get a new appraisal. I'm ok with a new appraisal I think, but I don't want the price to go back up to our original offer either. Any advice on challenging the appraisal or getting second appraisal?
Thank you.