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Reply to "Anybody bought at house without an appraisal contingency?"
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[quote=Anonymous][quote=Anonymous]I may not understand the situation here, but I thought the appraisal of the house value by the bank offering the loan was a requirement, not something one could waive. Unless you are paying cash? Really, I do not think it should matter very much to either seller or buyer - you know the prices in the area, can estimate the current and future value yourself, and an "official" appraisal will not be better than that.[/quote] You can waive it as long as you have the cash to make up the difference. The bank will not loan more than the house is worth.[/quote]
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