Approved Offer Above Comps

[Daniel Wiggin]

New to investing, I found a town home I liked which will fit perfect in my portfolio. The listing price was 205, I offered 200 and it got approved. This is essentially a turn key unit. On a second look at comps in the area a more reasonable offer of 190 would’ve be appropriate, most likely countered and realistically 192 is where it should be. Has anyone ran into realizing after the fact that the offer that’s been approved was too high? We are in between a ratified contract and home inspection, which is a contingency. The difference would be maybe $15 a month on the mortgage and no affect on the down payment. Is this just a couple thousand dollar lesson to learn or is there some guidance on the matter. Thanks!