Would you pay more than appraisal?

[Anthony Bobbitt]

The purchase price for this property was $95,900 and the numbers worked out. The appraisal came back at $93,000..which is all the bank will lend on.

The seller agreed to split the difference at $94,500 meaning I’d have to bring an additional $1,500 which would come out of pocket along with minor repairs I’d have to do. The numbers would still work but is it smart to pay more than a property is worth in a time where lots of things are unknown?