I couldn’t find an appropriate answer to this online.
First-time homebuyer, and I’m buying a house for slightly over asking price. One of the houses on the appraisal comp is a home that is identical to mine down the block, same subdivision. If anything, it has a bigger lot and is semi detached (mine is fully attached and smaller lot.) However, it sold for 100k less only a couple of monthe ago.
I realize things like renovations etc can improve the value, but how could there be a such a significant price difference, especially since the first house has more favorable conditions, particularly in the market the last few months? I’m worried that I am massively overpaying for my house.