Why do home purchase appraisals come in at the exact purchase price agreed to by the seller / buyer?

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We made an offer on a home and we’re through the inspection / attorney review and the appraisal comes back at the EXACT amount we offered. Now, I’m the buyer here, so right or wrong, I feel like we overpaid to win the bid. Why does this happen? How on earth does it appraise to the exact amount?

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10 Answers

Anonymous 0 Comments

Because it’s all bullshit and speculation.

Very few houses are worth the price they sell at, but the expert can’t say it out loud because the government would start investing the seller and the buyer for some sort of money fraud/laundering.

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