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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An item is worth what someone is willing to pay for it and the banking/taxes aspect goes a heck of a lot smoother that way. I’m no expert and there may be other reasons but I wouldn’t want it any other way.
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