The seller may agree to reduce the price to the appraised value, or cancel the contract.
The seller may remove any seller concessions provided to the buyer.
As you can see, it appears the seller is the one having to give up something.? Generally negotiations only work, when both parties have to give a little.
Hope it works out for you
Source: http://www.zillow.com/advice-thread/Real-Estate-Contract-Closing-question/466382/
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