In this crazy real estate market where people overbid, one of the main fears as a buyer is the appraisal report. Its not commmon in HCOL markets to find that the appraisal came out lower than what the buyer paid - and then the buyer has to make up that additional difference in appraisal as collateral. So imagine my surprise when the appraisal came out higher than what we are paying for house! It doesnt make a difference to my application, but its nice to know somehow that we’ve potentially paid less for this house than it was appraised.

Also not to get too far ahead, sign of things to come then?