Are you a first time home buyer currently buying a house in the 2021 housing market and wondering if you should waive the appraisal? What happens if the appraisal comes in less than the purchase price? What happens if you waive the appraisal contingency because you are in a multiple offer situation and the house doesn’t appraise? What is an appraisal gap? How does an appraisal gap happen?
If you’re currently in the housing market to buy a home, are you waiving the appraisal upfront? If so, are you putting a dollar amount in place that you’re willing to go above the appraised value? Let me know what you’re experiencing as it will help others.
Jeb Smith (Huntington Beach Realtor/orange county real estate)
Coldwell Banker Realty
I N S T A G R A M ➳ https://www.instagram.com/jebsmith
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