Your options are an appraisal appeal or get a different lender or have the seller order an appraisal since it is their responsibility to price units that will appraise if they are allowing financing contingencies. Or you can pay the difference with a larger down payment or walk.
Have any other units closed in the building? Time to renegotiate or walk. They probably don't want to lose a buyer after 8 months in contract.
Mitchell Hall, Associate Broker
The Corcoran Group
While you are at it, review the comps in the new appraisal to see how they stack up. Sorry you are having trouble, appraisers make mistakes just like the rest of us. Good luck,
is this new construction condos?
First speak to your attorney. And Just as Ann Brocco stated - renegotiate, because the next
buyer will have the exact same problem. So they might as well deal with you. Good luck