I am selling my condo. We agreed to $349,000. The buyer is putting 10% down, which is already in escrow with my attorney. The appraisal hasn't been done yet, but if the appraisal comes in at $349k, obviously I am good. If the appraisal comes in at let's say $340,000, aren't I still good to get the $349k because she is putting 10% down? So wouldn't an appraisal of $314,100 or better still get me to close the deal at $349,000?
Read more: What happens when an appraisal comes in below agreed sales price?
