I don't think a house will appraise much higher than comparables. Usually that's why they are used as comparables. Holding a property in hopes it will appreciate is risky, but people do it all the time.
Since one of the biggest things the appraiser looks at is the comps to set their price, I thinking the answer is "NO". That doesn't mean you couldn't sell it for higher than the appraisal. In that case, the buyer would have to bring more cash to the table to make up the difference.
I've run into this a number of times. If the buyer agrees, the deal can happen.
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