Reply to Tips from a seller why just had home go under contract

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Ok, I’ll bite. If I’m offering 30 to 50% down w bank approval etc., earnest money of 50k to 100k, pre-inspection with inspection contingency waived, perhaps escalation clause, how/why is all cash really better? Clearly I’m serious and going to close.  You’re going to get your money. [/quote]

Do you have an appraisal contingency? I know appraisals are a scam, but it’s  still one more thing that can go wrong especially if you escalated way over list. [/quote]

How are appraisals a scam?[/quote]

I don’t really know but my impression was they rely a lot on realtor relationships and can fudge pretty hard on the comps as needed to get to the desired number. [/quote]

Appraisers are hired by the buyer's lender.  The listing agent generally meets the appraiser at the property but they've no influence beyond providing comps which the appraiser may or may not use. Agents can also give info on improvements to the property, plat and floorplan. The rest is up to the appraiser.  [/quote]

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