[quote=paramount]And as mentioned by another pigg in the past, when the emotion of the bidding settles down and ‘cooler heads’ prevail – how many deals fall apart or never make it through escrow?

What happens when the house doesn’t appraise?[/quote]

For us it was 50% 🙂

First house had some major roof issues that came up in inspections and the seller wasn’t willing to credit us enough to make it worthwhile and we walked away. We closed on the second.