Updated over 6 years ago on . Most recent reply
Appraisal coming back at selling price.
Has anybody else dealt with this? I'm currently in the process of closing on my 3rd property and the appraisal has came back at the selling price. I find this interesting because, this has happened with every property I've closed on when in fact the estimate seems off. Buying this property for 85k and comps are floating between 110k-120k. I've heard in the past it's just to justify the mortgage being approved but was just looking for some feedback or personal experiences!