That is normal.
When you as a buyer offer on a home, on the day you close that is the value of your home. That makes sense right. If the comparables are higher, the bank doesn't care, if its 15% higher buyers in FHA loans would start aksing for conventional loans, with the better rates and lower costs and imagine the anarchy and chaos that would cause, not to mention the sellers who would suddenly become uncooperative trying to break you out of contract in order to get that extra money. (Trust me on this one).
Appraisals work to protect the banks investment, they are mostly concerned for downside risk. Recent appraisal rule chages reflect this concern and offer agents, sellers and buyers a different range of challenges to get to close.
Relax and enjoy your new home!
Speak direct with appraiser where they can explain value of home.
National Featured Realtor and Consultant, Mortgage Loan Officer, Credit Repair Lecturer
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If you and your agent have information that should have been included in the appraisal and you feel this appraisal is not an accurate reflection of the current value of the home our recommendation is to present this to the appraiser and request another report.
Taking the position of ignoring facts is not acceptable and needs to be pointed out for your benefit as well as others. At the very least, you should be entitled to an acceptable explanation.