I am about to sh*t frisbees.
Our appraisal came back and appraised exactly at the purchase price (including the $12K towards closing that we're getting).
I thought it would appraise much higher and in reviewing it, I noticed that the appraiser listed the square footage at 2,380. Well that's totally wrong, because public records say 3,046. After reviewing the sketch of the property, public records are wrong and the house is smaller than we thought.
I'm completely unsure of what to do here. We thought we were getting a great deal at $135 per sq ft and we're actually paying $173 per sq ft. That's around what comps are going for, but I feel a bit hoodwinked here.
My MIL, who I love dearly, pointed out that this means the floors will be cheaper to redo. It also means that our homeowners insurance will be cheaper. I'm trying to see the bright side here.
Should I be flipping out? Should I be okay with it? We're 10 days from closing! I don't know what to do.