It is always tough to predict the market. Appraisers do the best they can with the circumstances they are given. You can ask for a copy of the appraisal and I would have your Realtor go over the appraisal and see if the comparables the appraiser used justified the price they came up with or if the appraiser could have used other comparables to help justify the price.
The other issue you are going to run into is the appraisal is attached to the house. if it is an FHA appraisal and you pass on the transaction becuase of the appraisal and someone else comes by in the next 6 months to buy the house that apprasial will be the one that is on file for the house.
Appraisals are based on sales of other properties. In reviewing the S&P Case Shiller housing index, we can observe that while the Charlotte region is still declining, in the last several months, the percentage of decline seems to have slowed significantly. If comparable sales do not currently support your agreed sales price, you are going to be selling at the appraised price (and bringing cash to the closing), selling as a short sale (if some hardship is forcing your sale) or waiting until the market changes. If you appreciate an answer, please give "thumbs up". For the most helpful answer, please say thanks with a "best answer" click.
Kathleen Turner, ABR, CRS, ePro
The Kathleen Turner Real Estate Group