Missed appraisals in a hot market

[Davin Jeffers]

I currently have a home for sale and have accepted an offer over asking price.  My concern is that the comps are bad. So how have you seen appraisals in this hot market.  Have there been a large increase in miss appraisals?

[Peter M.]

@Davin Jeffers did the buyer sign an appraisal waiver? Did you get multiple offers? In a hot market just getting the contract is 80% of the battle for buyers. They either pay the difference or would have to walk away. If you had other offers you can contact them again and get another contract. This is why accepting the highest offer isn't always the best option.