Anyone recently had issues with home appraisal for mortgage? Recently bought a place and now getting a bit anxious

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Usually unless you overbid for the home by a lot there shouldn’t be too many problems. The bank just wants to make sure if something happens they can recoup the amount of money they lend out.

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I just went through this experience and was very nervous given the insane increase in prices...it worked out fine in the end...got the appraised value I needed. Worst case you can order another appraisal!

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I went through this last year. First appraisal came in under, got a second appraiser though and it all worked out. Huge stress though, I don’t miss that feeling. Good luck!

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It should be fine. I bid $150K over asking and the Bank did a 1-min appraisal to agree on the price paid

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Wow $150k??

Sometimes they do drive-by appraisals. Thats what the bank did when I bought my first home. I paid $20k over asking but it worked out fine.

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