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Appraisal
Consider the appraisal when you take an offer. A higher offer with a closing cost credit might not appraise.
Once the appraisal is done it will almost never be changed because to do so means the appraiser messed up.
Now the banks give buyers a copy of the appraisal so you can analyze it too.
If the appraisal comes in low the lender won't do the loan so you can cancel using the financing contingency.
Many times the seller will reduce their price to match or come close to the lower appraisal price.