Let’s Talk: Appraisal Contingency

An appraisal contingency is a clause included in a purchase contract that allows you to back out of a contract if a home is appraised for less than the purchase price. ⁣
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As a buyer, you should never waive an appraisal contingency UNLESS you’ve talked with an agent you trust, and you believe you’ll need to waive it to have your offer accepted; even then, it’s risky.⁣
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It’s my responsibility to protect and educate my buyers during the homebuying journey. Encouraging them to include an appraisal contingency in their offer is just one of the many ways I can make good on that promise. ⁣
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If you’re looking to buy and need an agent to show you something that’s caught your eye, schedule a time to talk! Let’s start the search for your next home today!