So we just heard about the appraisal on the house. It came back valued $9000 less than our agreed offer.
This could be good or bad. Good because if it all works out, we will be buying the house for $9000 cheaper, and who doesn't want that?! Although, it could be bad news if the sellers don't agree to the counter offer, and then we won't be able to buy the house at all! (Hopefully they will sign, because it is in their best interest. They have to use this appraisal for the next 3-4 months anyway!)
We have counter offered to the seller at the appraisal value and are just waiting for them to agree.
Waiting....waiting....
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