Lender won't allow you purchase home over valued. Best work on reduction of home have your buyers agent contact builder. Home can't sale to anyone unless a cash offer HOWEVER why would anyone over pay on property.

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Lynn911

123,

To be on the safe side....consult an attorney prior to making any decisions relative to this scenario. ....one that is becoming all together too common.

Good luck
The Eckler Team

It's an opportunity to walk away, make up the difference, and or seller accepts lower price. It's just that simple!

Raymond,

HVCC does not allow you to just ask for another appraisal. You can dispute it but you have to be able to prove that the dispute is legit. As a buyer the low appraisal works to your advantage. If it's a bad appraisal and it can be disputed let the seller do the leg work. If they can't successfully argue a higher value, the appraisala is likely a very good appraisal.

Give the appraisal to the seller/builder and tell them you are not willing to pay $20,000 more than the property is appraising for.

At least that is what I would do.