Question: Jonathan found a home that appraises for $ 1 8 0 , 0 0 0 . The seller is asking $ 1 7 6 ,

Jonathan found a home that appraises for $180,000. The seller is asking $176,000, but Jonathan negotiates the price down to $170,000. What value will the bank use to determine the loan to value (LTV)?
The appraisal value of $180,000
The asking price of $176,000
The purchase price of $170,000
The average of the three values
It depends on the home
Jonathan found a home that appraises for $180,000. The seller is

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