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 - Tractor Profile: Farmall M - by Staff. H so that mountable implements were interchaneable. The Farmall M was most popular with large-acreage row-crop farmers. It was powered by either a high-compression gas engine or a distillate version with lower compression. Options included the Lift-All hydraulic system, a belt pulley, PTO, rubber tires, starter, lights and a swinging drawbar. It could be ordered in the high-crop, wide-front or tricycle configurations. The high-crop version was called a Model MV.
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