I am going back and forth with Max the listing agent. He is asking questions for the seller. They would like to set up with you ahead of time that if the appraisal does not come in at value that they will have to limit your closing costs credit to $5,000. Would you be able to come out of pocket $3200.00 for this home? You will have put a deposit down of $3,500. So, basically if the appraisal comes in low you would only get back $300.00 from your deposit.
Seller’s are eliminating negotiations for the worst case scenario.
My advice is to go for it – you are getting a home for $3200.00. It is your decision – just let me know.
