We just had an appraisal done on a house that we bought for quite a bit higher than the comps would support. There wasn’t a lot of activity in the area, most of the comps were a few years old and were forclosures, and it appraised for what we payed for it.
One of the factors that I think helped with the appraisal was that there were multiple offers all near the price we paid and that fact was in the appraisal report.
