Need advice

[Anonymous]

I am currently in the middle of a new construction build. Sales price is $388,525. Long story short appraisal came back at $386,000. I am also about 38-40k in extras and appliances, which I am paying for out of pocket. My question is, is it typical to be this much upside down on a new custom home build? Thank you for reading and or responding.

[Niceman]

Was it in a planned community? Typically those appraisals can come in where needed.

[Anonymous]

Mine is the 4th house of a planned 25 home community.  It seems as though the contract price is really not including a whole lot. I am coming out of pocket substantially for general upgrades. For example; vaulted cielings in main part of the house, granite, upgraded flooring. My realtor thinks his base price was high, I really wanted this communities opinion.

[NC_Mtg_Loaner]

I think it's somewhat common in certain instances.  Mayby you can see if the builder will concede $2500 somewhere.  

[Anonymous]

I will do that. Thank you so much for you're advice!