Zillow Advice: Buying Process - Buying house - seller paying to get out of house; worried about appraisal! http://www.zillow.com/advice-thread/Buying-house-seller-paying-to-get-out-of-house-worried-about-appraisal/470765/ Zillow Advice | Zillow Real Estate I would not worry so much ... http://www.zillow.com/advice-thread/Buying-house-seller-paying-to-get-out-of-house-worried-about-appraisal/470765/ I would not worry so much at this moment until the results of the appraisal come in.&nbsp; Your lender will only lend you the appraised value.&nbsp; Depending on the difference between your offer and the appraised value, you can ask the seller to lower the price, you can split the difference, you can bring the difference to the table or you can walk out.&nbsp; If all that fails within the timetable of the financial contingency I would then contact a real estate attorney to see if you are able to walk out of the contract, it all depends how the P&amp;S was written.&nbsp; Good luck, positive thoughts are send your way!!! Sat, 08 Dec 2012 20:40:00 GMT http://www.zillow.com/advice-thread/Buying-house-seller-paying-to-get-out-of-house-worried-about-appraisal/470765/ 2012-12-08T20:40:00Z Typically your offer is contingent ... http://www.zillow.com/advice-thread/Buying-house-seller-paying-to-get-out-of-house-worried-about-appraisal/470765/ Typically your offer is contingent on the home appraising at or above purchase price.... in other words, if it appraises low, you have the right to cancel. &nbsp;Other options would be to negotiate with the seller to reduce the price to appraised value...but of course in this case the seller would have to have the funds available to do that. &nbsp;Or if this is a home your really want you could purchase it anyway, but be aware your lender will only lend on the appraised value, so you would have to come up with the difference. &nbsp;Your Realtor will guide you through the process.... Sat, 08 Dec 2012 18:47:00 GMT http://www.zillow.com/advice-thread/Buying-house-seller-paying-to-get-out-of-house-worried-about-appraisal/470765/ 2012-12-08T18:47:00Z Getting an appraisal can ... http://www.zillow.com/advice-thread/Buying-house-seller-paying-to-get-out-of-house-worried-about-appraisal/470765/ Getting an appraisal can usually be to the buyer's advantage giving<br/>them leverage to shave a few thousand dollars off the contracted purchase price, flipside, appraisal comes in higher than purchase price, buyer knows they got a great deal. Win-win for the buyer. Sellers should keep their fingers crossed, buyer will elect out of appraisal Sat, 08 Dec 2012 18:29:00 GMT http://www.zillow.com/advice-thread/Buying-house-seller-paying-to-get-out-of-house-worried-about-appraisal/470765/ 2012-12-08T18:29:00Z In real estae, everything ... http://www.zillow.com/advice-thread/Buying-house-seller-paying-to-get-out-of-house-worried-about-appraisal/470765/ In real estae, everything is negotiable. If the appraisal comes in low, I ask the seller to match the appraisal price. If the seller declines, then it is up to my buyer if they want to come up with the extra money, or walk away. Your agent should be able to give you a close idea what the home will come in at based on the sold comps. Another option may be to meet the seler half way if more money is needed, but since the seller cannot afford repairs, it doesn't sound like that may be an option. Again, everything is negotiable. Sat, 08 Dec 2012 15:59:00 GMT http://www.zillow.com/advice-thread/Buying-house-seller-paying-to-get-out-of-house-worried-about-appraisal/470765/ 2012-12-08T15:59:00Z Based on an inspection and ... http://www.zillow.com/advice-thread/Buying-house-seller-paying-to-get-out-of-house-worried-about-appraisal/470765/ Based on an inspection and appraisal along with what is in your contract you both might be able to agree on walking away. But its best to talk to your realtor or have a real estate attorney advise you. Sat, 08 Dec 2012 15:32:00 GMT http://www.zillow.com/advice-thread/Buying-house-seller-paying-to-get-out-of-house-worried-about-appraisal/470765/ 2012-12-08T15:32:00Z