Appraisal was $2,000 short of Purchase Price....sigh..
Hello, I recently rehabbed a property, put it on the market and it was pending sale contingent on appraisal. The appraisal came in and it came in just $2,000 short. The buyers want to back out since they thought they were getting a deal. Has anyone had issues with appraisals coming in lower? Kinda have a feeling my realtor is not doing his job or something. Please advise. Thank you.