Real Estate Markets Dictate Adding or Waiving Appraisals
Realty Biz
JULY 11, 2022
Your agent will likely advise you to either add an appraisal contingency or waive it depending on the type of real estate market that presently exists. The lender will hire a licensed appraiser who will evaluate the fair market value of the property. The buyer pays for the appraisal as part of their closing costs.
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