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Updated over 6 years ago on . Most recent reply

Surya Kumar's profile image
Surya Kumar's profile image
Surya Kumar
  • from Fremont, California
  • Member since Dec 14, 2017
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14
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1
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Surya Kumar's profile image
Surya Kumar's profile image
Surya Kumar
  • from Fremont, California
  • Member since Dec 14, 2017
Connect
Surya Kumar
  • Fremont, CA
1
Votes |
14
Posts
Buying & Selling Real Estate

Lower Appraisal than purchase price

Surya Kumar
  • Fremont, CA
Posted

I am closing in on a Fannie Mae property for $75k with 3% seller credits for closing. So that comes to $72750. The appraisal was done and it came to $73k. So my lender is asking if I can negotiate the price or bring the 2k difference from my pocket. Any suggestions on how to handle this? Is it still worth talking to the seller here, Fannie Mae to bring down the price?

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