RetireeRobert
Thinks s/he gets paid by the post
^^^
However, the appraisal came in at $85K lower than the asking price, and the buyer's bank did not approve the purchase. The seller already bought another home out of town, so quickly accepted $85K less in order for the deal to close.
So, the appraiser was holding back the price in this case, and not pouring oil into the fire.
P
So, the actual real time arms length free market said the market value was $x. Then the professional appraiser comes in and says the market value is really $x-$85k. Yeah, that makes sense---NOT!