Never mind the appraised price. What is it worth to YOU? It sounds to me like you made a deal with the owner, but changed your mind after the inspections and appraisal came in.
If there are significant issues with the place that weren't apparent when you made your offer but were found during the inspection, then the owner should be willing to negotiate on the price. But my personal experience with home inspectors is that most are frauds who couldn't find a rotten timber if it fell on their heads.
Did the appraiser take into consideration the things that were important to you? Namely, tractor storage and horse shelter? If the "comps" (comparable properties) didn't have these features, then the appraisal is worthless. Make the appraiser do his job and come up with properties that are truly comparable, not simply whatever was easy for him to use.
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Today's Featured Article - Adding an Hour Meter - by Steven Gussey. This article tells how I added an electric hour meter to my 1942 Farmall H after rebuilding it. I wanted to keep an accurate maintenance schedule for my rebuilt engine and the implements I use with my tractor, but the H was never available with a tach
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