{"id":207954,"date":"2025-05-20T06:29:49","date_gmt":"2025-05-20T06:29:49","guid":{"rendered":"https:\/\/namso-gen.co\/blog\/what-happens-if-you-remove-the-appraisal-contingency\/"},"modified":"2025-05-20T06:29:49","modified_gmt":"2025-05-20T06:29:49","slug":"what-happens-if-you-remove-the-appraisal-contingency","status":"publish","type":"post","link":"https:\/\/namso-gen.co\/blog\/what-happens-if-you-remove-the-appraisal-contingency\/","title":{"rendered":"What happens if you remove the appraisal contingency?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_62 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/namso-gen.co\/blog\/what-happens-if-you-remove-the-appraisal-contingency\/#What_happens_if_you_remove_the_appraisal_contingency\" title=\"What happens if you remove the appraisal contingency?\">What happens if you remove the appraisal contingency?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/namso-gen.co\/blog\/what-happens-if-you-remove-the-appraisal-contingency\/#What_is_an_appraisal_contingency\" title=\"What is an appraisal contingency?\">What is an appraisal contingency?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/namso-gen.co\/blog\/what-happens-if-you-remove-the-appraisal-contingency\/#Why_is_an_appraisal_contingency_important\" title=\"Why is an appraisal contingency important?\">Why is an appraisal contingency important?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/namso-gen.co\/blog\/what-happens-if-you-remove-the-appraisal-contingency\/#Can_you_waive_the_appraisal_contingency\" title=\"Can you waive the appraisal contingency?\">Can you waive the appraisal contingency?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/namso-gen.co\/blog\/what-happens-if-you-remove-the-appraisal-contingency\/#What_are_the_risks_of_removing_the_appraisal_contingency\" title=\"What are the risks of removing the appraisal contingency?\">What are the risks of removing the appraisal contingency?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/namso-gen.co\/blog\/what-happens-if-you-remove-the-appraisal-contingency\/#Can_the_seller_force_the_buyer_to_remove_the_appraisal_contingency\" title=\"Can the seller force the buyer to remove the appraisal contingency?\">Can the seller force the buyer to remove the appraisal contingency?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/namso-gen.co\/blog\/what-happens-if-you-remove-the-appraisal-contingency\/#Is_removing_the_appraisal_contingency_common\" title=\"Is removing the appraisal contingency common?\">Is removing the appraisal contingency common?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/namso-gen.co\/blog\/what-happens-if-you-remove-the-appraisal-contingency\/#Can_you_negotiate_the_terms_of_the_appraisal_contingency\" title=\"Can you negotiate the terms of the appraisal contingency?\">Can you negotiate the terms of the appraisal contingency?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/namso-gen.co\/blog\/what-happens-if-you-remove-the-appraisal-contingency\/#What_happens_if_the_appraisal_comes_in_higher_than_the_purchase_price\" title=\"What happens if the appraisal comes in higher than the purchase price?\">What happens if the appraisal comes in higher than the purchase price?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/namso-gen.co\/blog\/what-happens-if-you-remove-the-appraisal-contingency\/#Are_there_alternatives_to_the_appraisal_contingency\" title=\"Are there alternatives to the appraisal contingency?\">Are there alternatives to the appraisal contingency?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/namso-gen.co\/blog\/what-happens-if-you-remove-the-appraisal-contingency\/#Can_the_buyer_request_a_second_appraisal\" title=\"Can the buyer request a second appraisal?\">Can the buyer request a second appraisal?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/namso-gen.co\/blog\/what-happens-if-you-remove-the-appraisal-contingency\/#What_happens_if_the_buyer_cannot_come_up_with_the_additional_funds\" title=\"What happens if the buyer cannot come up with the additional funds?\">What happens if the buyer cannot come up with the additional funds?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/namso-gen.co\/blog\/what-happens-if-you-remove-the-appraisal-contingency\/#Does_removing_the_appraisal_contingency_affect_the_closing_timeline\" title=\"Does removing the appraisal contingency affect the closing timeline?\">Does removing the appraisal contingency affect the closing timeline?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_happens_if_you_remove_the_appraisal_contingency\"><\/span>What happens if you remove the appraisal contingency?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Removing the appraisal contingency means that a buyer is willing to purchase a property at the agreed-upon price regardless of the appraised value. This can have several implications for both the buyer and the seller.<\/p>\n<p>One potential consequence of removing the appraisal contingency is that the buyer may end up paying more for the property than it is worth. If the appraisal comes in lower than the agreed-upon purchase price, the buyer would be responsible for covering the difference out of pocket. This can result in the buyer having to come up with additional funds or renegotiate the purchase price with the seller.<\/p>\n<p>On the other hand, removing the appraisal contingency can also benefit the seller. By removing this contingency, the seller can be more confident that the sale will go through without any hiccups related to the appraisal. This can make the seller more likely to accept an offer, particularly if there are multiple offers on the table.<\/p>\n<p>Overall, removing the appraisal contingency is a risky move that should not be taken lightly. It is important for both buyers and sellers to carefully weigh the potential risks and rewards before making this decision.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_an_appraisal_contingency\"><\/span>What is an appraisal contingency?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nAn appraisal contingency is a clause in a real estate contract that allows a buyer to back out of the deal if the property appraises for less than the purchase price.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_is_an_appraisal_contingency_important\"><\/span>Why is an appraisal contingency important?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nAn appraisal contingency gives buyers a way out of a deal if the property&#8217;s appraised value is lower than the agreed-upon purchase price.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Can_you_waive_the_appraisal_contingency\"><\/span>Can you waive the appraisal contingency?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nYes, buyers can choose to waive the appraisal contingency in order to make their offer more attractive to sellers.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_risks_of_removing_the_appraisal_contingency\"><\/span>What are the risks of removing the appraisal contingency?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nRemoving the appraisal contingency can result in the buyer having to pay more for the property than it is worth if the appraisal comes in lower than the purchase price.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Can_the_seller_force_the_buyer_to_remove_the_appraisal_contingency\"><\/span>Can the seller force the buyer to remove the appraisal contingency?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nNo, the seller cannot force the buyer to remove the appraisal contingency. It is ultimately up to the buyer to decide whether or not to waive this contingency.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_removing_the_appraisal_contingency_common\"><\/span>Is removing the appraisal contingency common?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nRemoving the appraisal contingency is less common in a buyer&#8217;s market where buyers have more negotiating power. In a seller&#8217;s market, buyers may be more likely to waive this contingency to make their offer more competitive.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Can_you_negotiate_the_terms_of_the_appraisal_contingency\"><\/span>Can you negotiate the terms of the appraisal contingency?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nYes, buyers and sellers can negotiate the terms of the appraisal contingency to better protect their interests.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_happens_if_the_appraisal_comes_in_higher_than_the_purchase_price\"><\/span>What happens if the appraisal comes in higher than the purchase price?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nIf the appraisal comes in higher than the purchase price, buyers may have more leverage to negotiate a lower purchase price with the seller.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Are_there_alternatives_to_the_appraisal_contingency\"><\/span>Are there alternatives to the appraisal contingency?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nBuyers can consider alternatives to the appraisal contingency, such as making a larger down payment or obtaining a loan pre-approval.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Can_the_buyer_request_a_second_appraisal\"><\/span>Can the buyer request a second appraisal?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nYes, buyers can request a second appraisal if they believe the first appraisal was inaccurate or biased.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_happens_if_the_buyer_cannot_come_up_with_the_additional_funds\"><\/span>What happens if the buyer cannot come up with the additional funds?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nIf the buyer cannot come up with the additional funds to cover the difference between the appraised value and the purchase price, they may be forced to walk away from the deal.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Does_removing_the_appraisal_contingency_affect_the_closing_timeline\"><\/span>Does removing the appraisal contingency affect the closing timeline?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nRemoving the appraisal contingency can potentially speed up the closing timeline since there is one less step in the process that could delay the sale.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>What happens if you remove the appraisal contingency? Removing the appraisal contingency means that a buyer is willing to purchase a property at the agreed-upon price regardless of the appraised value. This can have several implications for both the buyer and the seller. One potential consequence of removing the appraisal contingency is that the buyer &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"What happens if you remove the appraisal contingency?\" class=\"read-more button\" href=\"https:\/\/namso-gen.co\/blog\/what-happens-if-you-remove-the-appraisal-contingency\/#more-207954\">Read more<span class=\"screen-reader-text\">What happens if you remove the appraisal contingency?<\/span><\/a><\/p>\n","protected":false},"author":52,"featured_media":107420,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86279],"tags":[],"class_list":["post-207954","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-learn","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What happens if you remove the appraisal contingency?<\/title>\n<meta name=\"description\" content=\"What happens if you remove the appraisal contingency? 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