I have a question on how the appraisal works for FHA loans.
Selling my house for $250,000. Buyer offered 250,000 and wanted us to pay 7500 in closing. We countered with 257500 and they accepted.
My concern is that it is an FHA. We purchased the house last year for 237,000. It is in good shape with no major issues, but I have no idea if it will appraise at 257,000. . .
Is this a large price bump if there were no major renovations done? Or am I overthinking this?
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