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A property's appraised price does not necessarily have to match its listing price. Of course, in the seller's best interests the appraised price should match the listing price, but if there is a significant difference then the seller might be well-advised to revisit the pricing of the house - usually by consulting with a trusted real estste agent.
This applies whether the appraisal is higher or lower than the listing price. But when the appraisal value is higher than the listed price of the home, that may provide the seller with distinct negotiating advantages and bargaining power.
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