The seller's lender had a BPO done and it said the value of the house was $340,000. So their bank wanted us to raise our price to that value. The seller argued with their bank and got the price down to $317,000, but still wasn't happy with that. So we had our mortgage officer order our appraisal. It came back at $296,000. I'm so glad it wasn't higher than that :) I haven't gotten to see the appraisal yet, but just got the amount over the phone.
Glad to hear the appraisal was reasonable. Now the bank just needs to be reasonable.
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