Updated over 6 years ago on . Most recent reply
Lower Appraisal than purchase price
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?