An appraisal contingency states that a satisfactory home appraisal must be completed. This clause protects both the buyer and the lender in case the value of the home doesn’t line up with the sale price. In some instances, a buyer can include terms that agree to proceed with the purchase even if the appraisal is below the specified amount.
Interested in a career as a real estate agent? Visit www.tocrres.com/register to get started today.
#RealEstate #NewCareer #Education #OnlineLearning