QUESTION
We signed a contract to sell our home. Now the appraisal came back from the the bank lower than the selling price. The buyers want money off the price
Asked on Jun 06th, 2017 on Contracts - New York
More details to this question:
The bank at a lower price. The buyer wants to lower the purchase price or he will walk away. Can he do that?
1 ANSWER
1 Award
It depends on what the contract says. If there is a mortgage contingency, and the appraisal is low, the mortgage will be denied, and he can walk away. If all cash, probably not.
Answered on Jun 09th, 2017 at 11:08 AM