I offered bank approved price for short sale condoi offered bank approved price for short sale condo. I'm paying cash( no mortgage )it was 120k and my agent just told me since the condo has been on the market about 6 month. so the bank needs to do re appraisal. so my agent told me the the bank is going to approve me after few weeks because of reappraisal. and he also said " The good news is that the appraisal might come in lower so you might be paying less than $120K " BUT one of Realtor dan told me the even the bank got new low appraisal like 110k or 100k, the bank still wants $120k. but my agent told me " the bank has to sell the condo what appraisal shows. they can't sell more or less than appraisal. is that truth? is my agent lying? who's tell me the true? can i buy that condo with new low appraisal ? if new appraisal is 100k? or do i have to buy that condo with my first bank approved price 120k? ( prices are examples)January 23 2014 - South Tacoma00YesReport 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.