Is it reasonable for me to counter at the market value if the seller thinks they have priced to sellI recently had the home appraised that I am currently renting. I am considering purchasing the home, which has not been listed yet. The home owner has indicated to me that they are pricing to sell at $500K, but I wanted to get a sense of the market value before I move forward with a loan application (plus their asking price seemed a bit high given the market has fallen 9% in this neighborhood in the last 12 months). I already know that I qualify for the amount they are asking, but the appraisal I received is 18% less than their asking price! The market value appraisal came out to $409K and the Cost Approach was $441K. Now that I have an appraisal, is it reasonable for me to counter at the market value even if the seller thinks they are already "priced to sell"? What is the difference between market value/sales comparison appraisal and the cost approach? October 01 2011 - Lake Oswego1YesReport 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.