I am sure since you are buying in Illinois, you are working also with an experienced real estate attorney, now this is a legal matter, your attorney should look into and then decide based on the terms in the sales contract and the situation itself, what your options are...
In my general understanding, one side can NOT just make a change to the agreed upon sales price,
any change like that needs to be in writing and agreed to by both sides... I understand the frustration of
the seller, who is trying to keep the sale alive and is taking 30,000 less based on the appraisal alone...
Nevertheless this is a legal matter and before signing anything contact and discuss the matter with your attorney for legal advice, and make sure your attorney has all documents at hand...
Good Luck to you
Edith YourRealtor4Life & Chicago, North Shore & Northern Illinois Expert
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