Originally Posted by
Thomas McCurnin
I guess I am not understanding why the appraiser is involved at all.
Seller sets a price. Buyer agrees to a price. Property sells.
Only a fool would accept an offer which is contingent on financing--that is the Buyer's problem.
Buyers should already have loan approval and assuming a substantial down payment, like 30-50%, any lender appraisal should easily cover that amount of debt. In any case, it shouldn't be your problem.
Re-list the property with no contingencies except inspection, sale to close within 60 days, or the deal is off.
The appraisal is needed for the loan. You must not have sold property much, people do not normally have $400,000 or? cash to purchase a house or whatever and need a loan. That is why I suggested he get an independent one of his own. Right now its a buyers market and sometimes if you need to sell its not what you really wanted for the selling price.
BTW there are a lot of sales made subject to getting financing, that's just the way it works in real estate sales.
Last edited by Bill George; 03-22-2023 at 7:53 AM.
Retired Guy- Central Iowa.HVAC/R , Cloudray Galvo Fiber , -Windows 10