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Jason and Talitha Brooks listed their home in Orange Park, Florida in June for $ 320,000. After receiving several offers, the couple accepted an offer for $ 335,000. But the appraiser, hired by the buyer’s lender, valued the house at just $ 305,000. The Brooks and the buyer couldn’t agree on a new purchase price, and the deal broke down.
“This whole evaluation process is so subjective,” Mr. Brooks said.
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