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Sardis : Real Estate Advice

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Thu Jun 23, 2016
Sally Grenier answered:
Do you mean your offer has been ACCEPTED? ("excepted" means something totally different). If the house does not appraise for the agreed upon purchase price, then several things can happen:

1. Seller reduces the purchase price; or
2. Buyer comes up with the difference; or
3. Combination of #1 and #2; or
4. If buyer and seller cannot come to a resolution you can terminate and find another house.

FYI -- you really should be asking your REALTOR this question.
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