Tag Archives: Waiving Appraisal Contingency Causes Concerns

Prices are on the rise in many areas, but housing experts say appraisals don’t always immediately catch up to these sudden increases. As such, in some parts of the country sellers are reportedly insisting that home buyers waive the appraisal contingency. And some buyers who are seeing a shortage of homes for sale are agreeing to that condition, which means that if a property appraises for less than the contract price, the buyer will come up with the extra money. The waive of the appraisal contingency has some agents concerned. […]