What Happens if Appraisal Comes in High?
Channel: Living in Boston & the Burbs by Jeffrey Chubb
Date: 2021-04-12

So what happens when an appraisal comes in higher?

Essentially nothing. It's a good thing in essentially the buyer has already created equity in the property, but it doesn't really impact the deal. 

It doesn't effect the financing because a bank will take the lower of the appraised upon value or the agreed upon price. 

Questions people sometimes ask and that we answer:
With the higher appraisal, do I get extra money or can I finance more? 
Does the seller find out about the higher appraisal? 
Can the seller charge me more?

https://www.boston2.com/blog/what-happens-if-appraisal-comes-in-high/

Jeffrey Chubb | Chubb Homes Team | 617-480-2600 | Jeff@Boston2.com | www.Boston2.com | Brokered by eXp Realty