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What Buyers Need to Know About Making an Offer on Active Contingent Listings

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However, your mortgage lender will not loan you more money than a house is worth, so if the appraisal determines that the sales price is higher than the home’s actual value, as the buyer, you’ll need to be prepared to come up with the money to make up any difference. Home sale contingencies. Zoning contingencies.

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Here’s How You Can Make an Offer On a House Without a Realtor® in 9 Steps

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An appraisal contingency allows the homebuyer to back out of the contract if the purchase price is more than the appraised value. Home sale contingency. With a home sale contingency , the transaction is contingent on the sale of the buyer’s home. Zoning contingency.