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A Plus Inspections Of Texas wrote:

Real Estate Contract Closing question

Just tell the buyer that the house appraised for only 200k. They can either sell you the house at 200k, or you can find another house that has a chance of appraising better and thus in the end, giving you much more equity. There are foreclosures out there that can make you tons of equity, and 203k loans available if you want to get a foreclosure and make it nice before moving in.
October 29 2012