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Sellers: would you prefer a 15K appraisal gap or a $5K over asking?

I am submitting an offer on a beautiful home this afternoon. My agent strongly believes the house will under appraise (even just a little) because all the comps sold for $20-$40K less.

We’re thinking of giving them the price they asked for and then a $15K appraisal gap. I’m sure other buyers will offer higher prices and I’m hoping their appraisals are lower. This isn’t a very high demand area but most homes have been selling 2-3 weeks after listing. I’ve missed out on 2 other homes because my max appraisal was $5K both times.

Sellers— what would be most appealing to you?

submitted by /u/Throwaway6531310
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/1t102ap/sellers_would_you_prefer_a_15k_appraisal_gap_or_a/
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