Do Homes Sell for Appraised Value
This includes the total living space, the year of construction, and much more. Homes usually sell at a rate above their purchased price. This is based on the assumption that said the price is customary. Besides, one of the key factors is the comparable sales near the property, which adds to the purchase price.
It is completely possible that some homes sell at appraised price, but the appraisals are usually ordered by banks after the seller and buyer have agreed on the price.
In most cases, the appraiser affirms the purchase content value. On some occasions, they would assign a slightly higher price. Otherwise, they would not be able to figure out a value to substantiate the selling price. This happens when the buyer offers a much higher value instead of requesting to edge out other bidders. This does not mean that they pay excess amounts, but only that the other similar properties were sold for comparatively lower rates according to the appraiser. In such situations, the buyer and seller are required to return to the table and sort out the inconsistencies in values.