When we’re in such a competitive and appreciating market such as the DC area, this part of the contract becomes even more important. The appraisal contingency protects the buyer in the event the appraisal from the bank comes in lower than the sales price in the contract.
Watch this quick video to better understand it (it’s quite an exciting video 🙂
We’re happy to explain more over coffee! Call 301.841.6905.