Mortgage appraisal value on hot market
With hot market like right now the market price can increase within a month.
How this will impact the appraisal value.
E.g a 3 bed home sold price:
Nov 2020: 650K
Dec 2020: 700K
Jan 2021: 750K
And now in Feb it can be 800K, since only the purchase on Nov-Dec ones are closed will the appraisal still around 650K?
With the closing date 2-3 months, is it possible to get the appraisal later on March rather Feb? to get better appraisal price.. To avoid the need higher down payment.