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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If your agent is worth their salt, they’ll have an idea of what the value probably is going to be when advising you on an offer price. I’d be far more concerned if the appraisal was wildly out of synch. I just bought a home a couple of months ago, my appraisal was 5k more than what I offered.
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