http://www.trulia.com/voices/Home_Buying/What_should_we_do_-121969What will happen if the appraisal for the house we are looking at comes back not at the same value it is marketed for? And the owner of the home will not come down. And say we are pre approved for 100,000.-- but the house that we are looking at is only 59,900.-- since we are pre approved for more money then what the house is worth, could we just take more out on the loan from the bank to pay the difference of the appraisal? And just pay back the bank for the full loan taken out? Thanks so much,en-ushttp://www.trulia.com/voices/profile/Real_Estate_Pro-Columbus_OH-344140/http://www.trulia.com/voices/profile/Real_Estate_Pro-Columbus_OH-344140/If the home does not appraise because it is not worth what you are paying, the bank will not loan you more money to cover the difference. They will only loan up to the current value. Your options are to make up the difference or move on if the seller is unwilling to lower the price.Wed, 13 May 2009 08:55:37 -0700http://www.trulia.com/voices/profile/Real_Estate_Pro-43221-88885/http://www.trulia.com/voices/profile/Real_Estate_Pro-43221-88885/Countrygrl,your spot on,but not sure what your offer is?so your not working with a Realtor TJSun, 10 May 2009 06:04:04 -0700http://www.trulia.com/voices/profile/Real_Estate_Pro-Plano_TX-632847/http://www.trulia.com/voices/profile/Real_Estate_Pro-Plano_TX-632847/No, an appraisal is done so the bank knows how much money they will loan on the house. If they are asking 59,900 for the house but the appraisal said its worth 50,000 then you would need to come up with the extra 9,900 if you still want to buy the house. But just keep in mind that if you do that, then you already have negative equity in your home! If you just really want this house you can try getting a personal loan from your bank.Sat, 09 May 2009 12:16:35 -0700