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Reply to "Anybody bought at house without an appraisal contingency?"
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[quote=Anonymous]My agent is suggesting we use this strategy to revise an offer for a house in a competitive bidding situation. The house listed at $750K. We offered $745K, but with an escalation clause to $762.5K. I feel as though the $745K is a fair price, but we've been told by the listing agent that they have 3 very similar offers and haven't yet made a decision. We would really like to get this house. Any experiences out there with dropping appraisal contingency?[/quote]
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