Are bank / lender appraisals on the high or low side?

I have an offer on my house that is higher than I expected, but it is contingent on the house appraising at that amount (minus $15,000 that the buyers are willing to add to an appraisal to help make up the difference). My question is, do lender / bank appraisals tend to be on the high side to help make a sale happen? Or are they are the low side?

submitted by /u/NomadJago
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I have an offer on my house that is higher than I expected, but it is contingent on the house appraising at that amount (minus $15,000 that the buyers are willing to add to an appraisal to help make up the difference). My question is, do lender / bank appraisals tend to be on the high side to help make a sale happen? Or are they are the low side? submitted by /u/NomadJago [link] [comments]

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