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Updated almost 3 years ago on . Most recent reply

Gabriel Sanabria's profile image
Gabriel Sanabria's profile image
Gabriel Sanabria
  • New to Real Estate
  • from Miami Beach, FL
  • Member since Mar 5, 2021

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25
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8
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Gabriel Sanabria's profile image
Gabriel Sanabria's profile image
Gabriel Sanabria
  • New to Real Estate
  • from Miami Beach, FL
  • Member since Mar 5, 2021
Gabriel Sanabria
  • New to Real Estate
  • Miami Beach, FL
8
Votes |
25
Posts
Multi-Family and Apartment Investing

All offers MUST have No Appraisal Contingency.

Gabriel Sanabria
  • New to Real Estate
  • Miami Beach, FL
Posted

Hello all,

When a listing agent is specifying that "All offers MUST have No Appraisal Contingency." what could they be avoiding with it?

Thank you!

Miami, Florida
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Tim Herman's profile image
Tim Herman's profile image
Tim Herman
  • Member since Jul 24, 2018

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Tim Herman's profile image
Tim Herman's profile image
Tim Herman
  • Member since Jul 24, 2018
Tim Herman
1,253
Votes |
2,206
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Tim Herman
Replied

@Gabriel Sanabria they are afraid the property will not appraise. Usually that is one of the reasons you can get your emd back. If it appraises for 350k and your offer is 400k you would need to bring an additional 50k to the closing table.

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