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[quote=Anonymous][quote=Anonymous]I sold my place last September and the appraisal came in very low. However, in my area there was very little inventory and the buyer made an offer after our place had only been on the market for 24 hours. We didn't even have an open house. I walked away when they offered the lower appraised value (wanted to at least hold an open house) and the buyer came back a week later and made up the difference. I have to note that I thought our asking price was very fair. I think the appraiser was way off.[/quote]

OP here, this is the kind of situation we have - had 3 really solid offers and we think (after a lot of considering and talking to several agents) that our price point is very fair. (We also listed it for what it appraised for last year when we refinanced)
The issue with the comps is that with very little inventory the appraiser said it could be "challenging".  The other key issue for us is our great location and I've heard some appraisers don't take into consideration the proximity to metro, restaurants..etc. into their price.  I would hope that these pros would make our house worth a little more than something several blocks away.

The buyer we selected is only putting 10% down and waived all other contingencies and was willing to go much higher with an escalation if that makes any difference.[/quote]

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