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 - 12-Volt Conversions for 4-Cylinder Ford 2000 & 4000 Tractors - by Tommy Duvall. After two summers of having to park my old 1964 model 4000 gas 4 cyl. on a hill just in case the 6 volt system, for whatever reason, would not crank her, I decided to try the 12 volt conversion. After some research of convert or not, I decided to go ahead, the main reason being that this tractor was a working tractor, not a show tractor (yet). I did keep everything I replaced for the day I do want to restore her to showroom condition.
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1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
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