NEED HELP: Valuation from buyer came back lower

I need some quick advice. I’ve been struggling to sell in this market full of negative media.

I had a contract on my property for $510k. Buyer asked for cooling off extension then I received an email today that the bank will only lend 80% of $480k. They said they are short $25k which they don’t have.

Any ideas how to negotiate this?

– I could possibly finance the $25k or part of it when another one of my properties settles in December.
– Try to meet halfway, but they said they don’t have the money.

Love to hear some thoughts. Always hard to call it a bluff or finding a middle ground.

I just got the bank valuation of your unit only $480k. They said property is continuing falling down in the future. So they are on high risk for the bank in the future. So they only let us borrow 80% of $480k is $385 maximum so i m in shortage of $25k which i do not have money to cover that. Can u help me to tell the owner to reduce the price to $490k as the bank now tightening loan to investor so very hard to borrow.
Another unit is now for sale only $509k, mayb they will accept $480k as they want to sale quickly. Thx you for your help.