Zillow Advice: Home Buying - Builder's Lender Appraisal at purchase price. similar home in subdivision on sale for 100k less http://www.zillow.com/advice-thread/Builder%27s-Lender-Appraisal-at-purchase-price-similar-home-in-subdivision-on-sale-for-100k-less/443074/ Zillow Advice | Zillow Real Estate You are past contingency ... http://www.zillow.com/advice-thread/Builder%27s-Lender-Appraisal-at-purchase-price-similar-home-in-subdivision-on-sale-for-100k-less/443074/ <p>You are past contingency dates for the entire transaction, but you can hire an appraiser to appraise the home. If the home doesn't appraise out, you can back out. Yes you will lose your earnest money. But that may be&nbsp;better than purchasing a home you can't sell.</p> Thu, 17 May 2012 18:00:00 GMT http://www.zillow.com/advice-thread/Builder%27s-Lender-Appraisal-at-purchase-price-similar-home-in-subdivision-on-sale-for-100k-less/443074/ 2012-05-17T18:00:00Z It would not matter what ... http://www.zillow.com/advice-thread/Builder%27s-Lender-Appraisal-at-purchase-price-similar-home-in-subdivision-on-sale-for-100k-less/443074/ It would not matter what appraiser you use. The fact is you agreed to purchase at the price. If you dont close its likely you would loose your deposit. This is typical in new construction. The house you mentioned is not sold, and may be a distresses sale (short sale). If its a short sale, it may be listed far below market value in order to get an offer to submit to the bank. No guarantees the bank would agree to the list price or less. Look for sales comps, not listed comps. As far as the appraisal goes, the lender ordered the appraisal through a 3rd party. There cannot be any relationship between the appraiser,lender,realtor. if you want out of the deal, consult an attorney. There may be something in the contract to help you, but all builder contracts are 1 sided, and its not your side. Thu, 17 May 2012 01:51:00 GMT http://www.zillow.com/advice-thread/Builder%27s-Lender-Appraisal-at-purchase-price-similar-home-in-subdivision-on-sale-for-100k-less/443074/ 2012-05-17T01:51:00Z