027 The Devil is in the Details: Appraisals and Contingencies

027 The Devil is in the Details: Appraisals and Contingencies

You’ve been pounding the pavement looking for a home and you find this stunning apartment. It’s priced a little high, but you can see all the money the sellers have put into it in terms of renovations, so you know it’s worth the price. ...


You’ve been pounding the pavement looking for a home and you find this stunning apartment. It’s priced a little high, but you can see all the money the sellers have put into it in terms of renovations, so you know it’s worth the price.  You’re not the only one who wants this home because the open house was flooded so you tell your broker to bid high as you don’t want to lose it, but then your broker says well we need to think about the appraisal and what contingencies we want in the offer and you say huh? There is so much more than just coming up with a price in terms of offers so today we are talking about contingencies and appraisals and how to protect yourself while still being competitive.

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