Many different approaches, options, and choices to handle this scenario.
You may want to send an addendum to the seller with a sales price to be $410 and attach the appraisal to substantiate your fair renegotiation.
If seller agrees--done.
If seller does not agree, there are many different approaches, options, and choices to handle this scenario.
Ask your agent to inform you of all of them.
Should you or your friends/family have any Las Vegas real estate needs or questions, pls feel free to contact me at anytime....
Thanks and have a great day!
Julia St. Marie, ABR, RRG, RSPS
Realty ONE Group
Certified REO Specialist
Direct: 702-355-H-O-M-E (4663)
Video Newsletter: http://realtytimes.com/REUv/LVrealEstateLady
I recently asked a seller to reduce the price for my client and they did it. They reduced the seller credit to buyer a bit but they did it. Long story short, the buyer still gets the home she wants and everyone is happy.
One other option that you might consider offering if they don't go for the price reduction is to offer to increase your down payment by $15,000 (if you have it). Or you can split it with the seller - you come up with $7500 if they reduce the price by $7,500.