Want to do better, ask a Realtor who knows your market. Want the best answer, wait for the appraisal to come in.
Best Atlanta Properties
Hope you didn't overpay - the appraiser will let you know that - but only if your offer is way too high - while it is not as bad as it used to be, they still generally try to find a way to support the agreed upon price and make the deal work.
You accepted an offer on your home and weren't sure of market value - do you have an agent or are you selling by owner?
All the answers below are very good, but it is a little late to second guess the offer you accepted now.
The buyers appraiser will let everyone know if the deal will go through or not - what they won't tell you is if you left money on the table!
The value of real estate is, and always has been, determined by what a willing and able buyer and seller agree upon.
The appriasal process referred to earlier is for the SOLE PURPOSE of reselling the mortgate. That is why each bank imposed different 'valuation' criteria on the appraiser. The banks interjected themselves as third parties to the negotiations, accountable to no one, and fully willing and able to impose FIAT appriasals. Those who are shopping that the top of their pruchase capacity will find this situation could make their purchase offer non-competitive.
The ONLY source of timely, comprehensive, reliable, relevant real estate data is the local MLS.
Your local Realtor(r) can provide you FREE access to the MLS and assist in interpreting what the data means. Data without judgement is of little value.
Aggregate real estate websites are for entertinament pruposes only!
Best of success to you,
Annette Lawrence, Broker/Associate
Remax Realtec Group
Palm Harbor, FL
Aleta C. Saunders
FB Page: yourmodelrealestateagent