Still in a Holding Pattern

We are still in a holding pattern with the contract on the new house.  Normally, a seller and buyer agree to some terms, the seller has a 10-day inspection period to look at the house and negotiate repairs or back out of the deal.  At that same time, an appraisal of the value of the home is being performed, and if the appraisal comes in below the contract price, the buyer can renegotiate the