What happens when appraisal is lower the listing cost?

[Miguel Horta]

Purchasing a SFH in Indiana for $75K, with conventional financing. However, the appraisal came back at $65 K. Asides from paying the difference on close date, what strategies can we do to not let this deal fall through?

This is my first investment property, any insight will be much appreciated.

Thanks in advance.

[Lien Vuong]

I would definitely address it with the lender and negotiate with the seller. They have equal incentive to make it work also.