Remove appraisal-contingency
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Waiving the Appraisal Contingency

BubbleInfo

If you find a hot buy that is likely to have multiple offers, you will be confronting the uneasy choice of waiving the appraisal contingency in your offer. If the appraisal comes […]. It’s likely that the other buyers will do it too, so it’s become a part of the minimum package needed just to compete.

Agents 105
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What is an Appraisal Contingency and Why Should I Care?

Maximum Exposure Real Estate

What is an Appraisal? Appraisals and appraisal contingencies are a normal part of most real estate transactions and the home buying process in general. When purchasing a home and getting a mortgage there will often be a real estate appraisal conducted. appeared first on Maximum Real Estate Exposure.

Mortgages 108
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CrossCountry Mortgage unveils cash-offer loan product

Housing Wire

CashPlus has no appraisal or financing contingencies. The Cleveland -based retail mortgage lender unveiled CCM CashPlus to help buyers gain an edge in the bidding process by turning preapprovals into cash offers. The product is limited to conventional loans, primary residences and buyers who are represented by a real estate agent. “In

Loans 410
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What is An Appraisal Contingency and How Can it Impact Your Homebuying Journey?

Redfin

One important concept that all homebuyers should be familiar with though is the appraisal contingency. In this guide, we will explore what an appraisal contingency is and how it can impact your homebuying journey. What is an appraisal contingency? What is a contingent offer?

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Appraisers voice opinions on AMCs, appraisal delays

Housing Wire

If discrimination is committed by appraisers – as the news headlines would suggest – fellow appraisers and real estate agents say they rarely witness or experience it. Another issue with appraiser competency could be appraisers’ apparent lack of familiarity with valuation tools.

MLS 397
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How much cash matters in a bidding war

Housing Wire

And waiving the financing contingency is the second-most effective bidding-war strategy, Redfin officials said – improving homebuyers’ odds of winning by 66%. When that happens, sellers want to know buyers have the cash to cover the difference between the appraised value and the sale price.”

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The appraisal gap is complicating deals across the country

Housing Wire

Linda (who asked that her real name not be used) beat out a dozen other prospective buyers in a bidding war by offering $445,000 and waiving all contingencies. Unfortunately, the appraisal put the house’s value roughly $50,000 below than what she paid. She recently had a deal fall apart due to appraisal.