Three years ago (March 2012), we were in escrow, and our (now) home in 4S was appraised low. Not only that, the appraiser indicated that it was a “declining market.” Because of this, we had to put 25% down (rather than the 20% we had planned.)
Three years later, it is worth about $300K MORE than the price we paid.
I guess I’m glad now that we put down 25%, but it left us without much savings for a little while…
I don’t think there is much science behind this business.