RE Agent didn't look at comps.I am a first time home buyer and have tried to educate myself on the finer points of buying a house, but I'm certainly not a professional. I am pre-qualified & FHA approved. I found a house, one I'd been keeping an eye on for many months. I didn't realize my RE Agent failed to look at "comps" before submitting my offer, which was accepted by the seller. My agent said my offer was good. I paid for the home inspection and appraisal. The appraisal came back $7,000 UNDER my offer. FHA will only loan for the appraisal price. I'm not willing to pay the difference. Seller isn't budging even though seller's agent agreed with the appraisal price and encouraged the buyer to accept the appraisal price/offer. Needless to say I'm house hunting again. What frustrates me is my agent didn't really look at the "comps." Otherwise, don't you think she would've advised me to offer a lower price? I've since looked at the comps and the comps all indicate my initial offer was far too high. Now I'm out almost a grand, and I just started. Do I need a new Agent? May 17 2011 - Jupiter0YesReport 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.