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Reply to "Anybody bought at house without an appraisal contingency?"
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[quote=Anonymous]OP Back with our appraisal update. Would you believe that the appraisal came back at 99.1% of our offer price? Almost the worst result we could have gotten, since we remain contractually bound to the offer price, but are paying almost the full amount over appraisal that we put at risk. It has been a few days since this news came in and I think I am becoming more okay with it, but initially I was pretty upset - and regretting that we had modified the contingency. Now I am trying to look at it from the perspective of what I would have done if we did have the full appraisal contingency but the seller refused to come down on price, which my agent thinks would have been the case. Would we still have paid? Maybe. Probably. So there is a part of me that thinks that the strategy was maybe a good one, but I would be lying if I said it didn't sting, at least a little bit! Now we move toward closing in a few weeks. This is our first home, so that in itself is exciting! Thanks again for all of the advice provided![/quote]
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