So sounds like the appraisal went well! I haven't gotten the paper work yet, but it sounds like the appraisal price was the same as the purchase price! I'll be getting the papers soon. From the sounds of it the purchase and the appraisal price usually differ, with the appraisal usually coming slightly under the purchase. The case usually ends up with a few percent difference.
So in my case I could have expected about 3 to 6k difference. But with the two coming out to the same number the number I'm going to have to put in for a down payment on the condo will come out to what was planned from the beginning!
Woo! next comes a bunch of simple paper work, and then soon after that a big fat check going to the mortgage bank.
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