Appraisal Process for Selling Property
During the process of selling a Fix-n-Flip, the appraisal came in lower than my Listing price. My agent said that the price HAS to be lowered due to the appraisal. The appraisal was lower than expected upon my purchase and lowered based on trying to sell. I didn't know it would dictate my selling price. Is this normal? Can anything be done to keep me from offering the property at a lower price?