High Appraisal

[Charmaine M.]

Hi-

Which is better for a buyer....a high appraisal or a low appraisal?

Reason i am asking is that i just got my appraisal report back and it came in higher than the contract price. Contract price $250....Appraisal $275.

I was hoping for a low appraisal amt so i can go back to sellers and negotiate a lower price. Was i wrong for hoping the appraisal to come in lower?

So which is better, high or low appraisal?