The house is NOT sold. The appraisal came in at less than the offer, which wasn't a shocker for me. Buyer made the new offer, but still wanted me to carry all of the closing. I offered to carry three fourths of the closing. Apparently, with a family member facing foreclosure (more information than I needed) and prices down, she decided not to buy at all. So we're told. My real estate agent thinks there's a good chance the buyer will come back in about 30-45 days with an even lower offer. Which is so not right.
So, we're dropping the price. The appraisal won't change so there's no point in leaving the asking price where we put it. We'll see what happens. I hope I get another offer, but this has been rough. Last week I thought I was done and now I'm back to where I was. I believe things happen for a reason, but the reason for this is just hard to see.