What else I find interesting is the issue of the appraisal not matching the agreed-to price, which our agent thinks might happen with a short-sale we went after (mentioned in my post above; the winning bid was a relatively modest 25K over).
Assuming I am paraphrasing our agent correctly, there’s a strategy where a buyer will aim to bid high enough to be No. 1, then try to negotiate a lower price if/when appraisal comes in low?
