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[quote=Anonymous]An appraisal contingency that high over asking is NOT going to win in a multiple bid situation. The seller doesn't want to negotiate if it doesn't appraise, and they know the other offers will be long gone to another home by the time the appraisal is done. You gotta be willing to waive at least the appraisal contingency. Look at the comps and figure out how much cash you can reasonably pay over an appraisal, and guesstimate what your exposure is on the appraisal contingency - if you're putting down at least 20% you can even ask your lender if waiving the appraisal is an option.[/quote]
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