And if they give you $205K? Not picking on you, but the RE industry is going to be under increased scrutiny in the next few years. There has already been rumblings about lawsuits regarding appraisers who are nudged to “hit a certain number.”
I agree with shopping around, but it could also go the other way, or if “the number” is hit, be found out to be suspect from a legal standpoint. And why would any buyer ask for a higher appraisal – unless there were some financial shenanigans going on?
