Reply to Anybody bought at house without an appraisal contingency?

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[quote=Anonymous][quote=Anonymous][b]I wouldn't do it. I think that your agent is not working in your best financial interest here. Home inspections and appraisals are meant to protect the buyer from buying something that is not worth the price tag. Do NOT do it. There will be similar homes out there in weeks to come.
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FWIW, we recently bought a house in NW DC in a multiple bid situation and although we were not the highest bidders, we were the most financially stable--and we kept the home inspection and appraisal clauses. Financial solvency was the most important thing for the sellers, who were moving and needed to sell their home.

I don't know what the sellers' situation is in your case, but it sounds like you are very financial sound, and if you are willing to put in a high good faith deposit (we put in $50K), you are going to be very attractive to the sellers.[/quote]

This is very true.  Appraisals are just as much for the buyer as the banker.  However, a home is still worth what you're willing to pay for it.  I wouldn't go without it though.[/quote]

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