We are a week before closing, and my beautiful buyers, who are pre-approved FHA first time home buyers have completed all inspections and are just waiting for the appraisal report. It comes back $7,000 less than the purchase price my buyers were willing to pay. It didn't appraise. Everyone is freaking out! Especially since the sellers don't want to sell for the new appraised price. Listen in to all the conversations surrounding this matter. Do the seller know that the appraisal report follows the property for six months? That anyone getting a loan on this property, the appraisal will pop up? The price of (4 comments)