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Seller contributions are typically set by percentage, 3-6% depending upon the type of loan. This is based on the sales/contract price not the appraised value. An appraisal that comes in high would normally not have any impact on the numbers (low yes, thanks HVCC) Lenders base analysis on selling price or appraised value, which ever is lower and will even use the lower of the two for between 6 months to a year for equity seasoning.Perhaps there is more information that would help. Is the purchase contract a moving target, is it a family transaction?As Rudy said, you could do a seller carry/note but make sure all is recorded. The lender will also factor this in to the loan to value (CLTV) calculations.
An appraisal coming in high doesn't affect a purchase transaction in this way. Sounds like the appraisal came in low, making it where the buyer needs to bring the difference between that value and the contract price to the closing table. If this is the case please note that loans from sellers are as a general rule are not allowed anymore.
If I can help in any way, please just let me know. Enjoy your day !
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