All offers MUST have No Appraisal Contingency.
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!
Most Popular Reply
@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.