Hi All! I am in LA and everything decent has had multiple offers going significantly higher than list price. For people on here in the LA area who offered way more than list, did your appraisal match up to your offer price? Was it somewhat close? Did the appraiser use recent comps like the last month? Or did they use comps from 5-6 months ago when the market wasn't as hot?
My main concern with bidding wars is the appraisal coming in short. I have some extra cash I could put in, but not a huge amount. TIA!
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source https://www.reddit.com/r/RealEstate/comments/ko3mi7/appraisals_ca_la_area/
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