[quote=AN]So the bank probably knew the appraised value before they list it. You uncle/aunt just got lucky and not over pay. The $ didn’t come from the sky, it never left their pocket. That’s how I’d look at it. I guess if one really love the house, this would be the strategy to employ then. Be the highest bidder and let the appraiser decide the final selling price.[/quote]
yep, we have been talking about strategy for a few months now.