Appraisal ConcernTwo weeks prior to closing on a newly constructed Pulte home, the appraisal came in approximately $10,000 under the negotiated selling price. The subdivision we are buying in is relatively new and at least 80 homes have been sold within the last two years - naturally, of the eight comps, only one was used for comparison sake. The appraiser traveled 47 miles (from Wixom) and I am pretty confident isn't too familiar with the immediate area...The Pulte sales rep. called today and basically gave me two options: (1) Bring the additional $10k to closing - which we don't have, or (2) Eliminate some options of the home. Seeing as though the closing is two weeks away, most of the high ticket options (3-car garage, oversized lot, fireplace) are already in place. The only option left to 'install" is the sod/sprinklers that were added for $4,590. The lot size is $13,811 square feet and $4590 for sod and sprinklers is a fine deal.Bringing the extra $10k to closing is simply not an option. The home is being financed thru Pulte Mortgage. We have already left a deposit of $11k. What recourse/advice should we be following at this point? Demand that Pulte lower the price? Walk away? Request a second appraisal from someone that knows the market? When I pressed the Pulte sales rep. for verification of an appraisal clause in the purchase agreement, I was unable to receive a definitive answer.October 23 2011 - Macomb Township00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.