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 - Show Coverage: Journey to Ankeny - by Cindy Ladage. We left Illinois on the first day of July and headed north and west for Ankeny, Iowa. Minus two kids, we traveled light with only the youngest in tow. As long as a pool was at the end of our destination she was easy to please unlike the other two who have a multitude of requirements to travel with mom and dad. Amana Colonies served as a respite where we ate a family style lunch that sustained us with more food than could reasonably fit into our ample physiques. The show at Ankeny
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