My agent says that houses are appraising low right now due to the rapidly rising market. Sellers agent says the house will be worth a lot more by the end of he summer, and they already have a back up offer in place so they don’t care about our appraisal. Apparently they had a lot of offers. House went pending within days. Mortgage broker says they deal with a lot of transactions and they haven’t been seeing low appraisals. Is it pretty normal for houses with really nice landscaping and back yards (very beautiful pool, etc) to appraise low?
