Home Apprasial Low, now what?!
I got my first duplex under contract for 142k with 8k of concessions (FHA, Owner Occupied). Home was appraised for 134k. Hmmm fishy so I contested with a comp and additional information. 2nd apprasial came back and simply raised it to 135k. Personally this appraisal is low but that eill only help me I suppose when I refi!
I have enough money in my bank account to only spend so much at closing so I am now 7k short. Suggestions on next steps? Make a new offer, or leave the deal?
Best,
The Newbie Bryan