Excellant commnets already. Appraised value is the first wake up call to the buyer. I would ask myself why did it appraise low? Did the appraiser see something you missed?
At the price of places today, a $10k low appraisal is a , oh well, and probably don't mean too much on a $250k place. Also if your using a State approved sales contract, most sales contracts give the buyer back there escrow money minus inspection fees. Read the fine print for details.
What would it cost to set up a new place just like your looking at now?
What did the inspection reports say?
What up coming repairs are going to have to be made in the next 5yrs on buildings, water well, septic system, electrical, HVAC, plumbing, etc;?
What is it going to cost you to make any changes on the existing buildings to suit your wants?
A known fact, 99% of buyers, buy a home as they get out of the car for the very first time and very few sales are made after entering the front door. Think about this fact!!!
The above questions would be more important to me than worrying about a $10k to high of price on a place that I like.
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Today's Featured Article - Trailering Your Tractor - by Curtis Von Fange. One of the fun things of summer and fall are the parades and tractor shows that go on across America. Many owners of tractors travel long distances to attend these shows and they usually take their restored iron along with them. Safe trailering practices and inspections will ensure that the event is a fun one. A good habit to develop when using a trailer is to give that �quick look over� before taking it on a trip. Before hooking up to it check the tongue for proper operation. The latche
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