I recently went under contract on a house after losing on several bids. This is my first home which is not a new construction so the appraisal process has me a bit anxious on requiring additional funds to bridge an appraisal to purchase price gap.
Listed 1.8M – Purchase price 2.2M Almost all the comps are close in % over ask and $/Sqft with similar homes / lot size / location There were multiple offers and it was competitive, which makes me believe price is what the market demands
Are my concerns warranted? Given cheap interest rates I’d rather keep my money in stocks vs needing to liquidate to cover the purchase beyond my down payment.