We are probably going to agree to disagree on this but:
If buyer and seller agree that your fictional house is worth $350K and the sale closes for $350K then your appraisal of $300K is wrong. It is buyers and sellers, mostly buyers, who determine what a house is worth. Banks determine what they are willing to lend. Appraisers do their best to put a value on a house, but they are not always correct.
A pet peeve of mine, someone stated that your house is worth what you and a buyer decide its worth.
I dont agree with that. What if you and a buyer decide your house is worth 350k, but the bank think its worth 300k. They will only lend on 300k. So whats it truly worth?
Best wishes with the marketing, selling and closing of your property. Hopefully, you were not negatively impacted by the recent flood in our area.
What someone paid for a house in the past, whether you or another buyer, is not relevant to what the house is worth now. The house is now worth whatever you and a buyer agree that it is worth.
You should be working with a REALTORÂ®. Part of your REALTORÂ®â€™s job is providing you with a Comparative Market Analysis that will give you information to determine the current level at which your house should be reasonable priced.
What you paid for your house is past history. What it is worth today is current reality.
Good luck in your effort to sell your house.