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 - Oil Bath Air Filters - by Chris Pratt. Some of us grew up thinking that an air filter was a paper thing that allowed air to pass while trapping dirt particles of a particles of a certain size. What a surprise to open up your first old tractor's air filter case and find a can that appears to be filled with the scrap metal swept from around a machine shop metal lathe. To top that off, you have a cup with oil in it ("why would you want to lubricate your carburetor?"). On closer examination (and some reading in a AC D-14 service manual), I found out that this is a pretty ingenious method of cleaning the air in the tractor's intake tract.
... [Read Article]
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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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