{"id":210529,"date":"2025-04-10T11:37:54","date_gmt":"2025-04-10T11:37:54","guid":{"rendered":"https:\/\/namso-gen.co\/blog\/how-do-i-remove-an-appraisal-contingency\/"},"modified":"2025-04-10T11:37:54","modified_gmt":"2025-04-10T11:37:54","slug":"how-do-i-remove-an-appraisal-contingency","status":"publish","type":"post","link":"https:\/\/namso-gen.co\/blog\/how-do-i-remove-an-appraisal-contingency\/","title":{"rendered":"How do I remove an appraisal contingency?"},"content":{"rendered":"<p>When buying a home, one important contingency to consider is the appraisal contingency. An appraisal contingency protects the buyer by allowing them to back out of the deal if the appraised value of the home is lower than the agreed-upon purchase price. However, there may come a time when you want to remove this contingency to strengthen your offer. Here is how you can do it:<\/p>\n<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\/how-do-i-remove-an-appraisal-contingency\/#How_do_I_remove_an_appraisal_contingency\" title=\"How do I remove an appraisal contingency?\">How do I remove an 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\/how-do-i-remove-an-appraisal-contingency\/#Is_removing_an_appraisal_contingency_risky\" title=\"Is removing an appraisal contingency risky?\">Is removing an appraisal contingency risky?<\/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\/how-do-i-remove-an-appraisal-contingency\/#How_can_I_be_sure_the_home_is_worth_the_purchase_price_without_an_appraisal\" title=\"How can I be sure the home is worth the purchase price without an appraisal?\">How can I be sure the home is worth the purchase price without an appraisal?<\/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\/how-do-i-remove-an-appraisal-contingency\/#Can_I_remove_an_appraisal_contingency_after_the_offer_is_accepted\" title=\"Can I remove an appraisal contingency after the offer is accepted?\">Can I remove an appraisal contingency after the offer is accepted?<\/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\/how-do-i-remove-an-appraisal-contingency\/#What_are_the_benefits_of_removing_an_appraisal_contingency\" title=\"What are the benefits of removing an appraisal contingency?\">What are the benefits of removing an 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\/how-do-i-remove-an-appraisal-contingency\/#Are_there_other_contingencies_I_should_consider_removing_along_with_the_appraisal_contingency\" title=\"Are there other contingencies I should consider removing along with the appraisal contingency?\">Are there other contingencies I should consider removing along with 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\/how-do-i-remove-an-appraisal-contingency\/#What_happens_if_the_appraisal_contingency_is_not_removed_before_closing\" title=\"What happens if the appraisal contingency is not removed before closing?\">What happens if the appraisal contingency is not removed before closing?<\/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\/how-do-i-remove-an-appraisal-contingency\/#Can_a_seller_force_me_to_remove_the_appraisal_contingency\" title=\"Can a seller force me to remove the appraisal contingency?\">Can a seller force me 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-9\" href=\"https:\/\/namso-gen.co\/blog\/how-do-i-remove-an-appraisal-contingency\/#How_does_waiving_the_appraisal_contingency_affect_my_financing\" title=\"How does waiving the appraisal contingency affect my financing?\">How does waiving the appraisal contingency affect my financing?<\/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\/how-do-i-remove-an-appraisal-contingency\/#What_steps_should_I_take_to_prepare_for_removing_an_appraisal_contingency\" title=\"What steps should I take to prepare for removing an appraisal contingency?\">What steps should I take to prepare for removing an 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\/how-do-i-remove-an-appraisal-contingency\/#Are_there_any_legal_repercussions_for_removing_an_appraisal_contingency\" title=\"Are there any legal repercussions for removing an appraisal contingency?\">Are there any legal repercussions for removing an appraisal contingency?<\/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\/how-do-i-remove-an-appraisal-contingency\/#Can_I_reinstate_the_appraisal_contingency_after_removing_it\" title=\"Can I reinstate the appraisal contingency after removing it?\">Can I reinstate the appraisal contingency after removing it?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"How_do_I_remove_an_appraisal_contingency\"><\/span>How do I remove an appraisal contingency?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><\/p>\n<p><strong>To remove an appraisal contingency, you will need to work with your real estate agent and possibly your lender to make sure you have the funds to cover the difference between the appraised value and the purchase price. You can also consider waiving the appraisal contingency altogether if you feel confident in the value of the home.<\/strong><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_removing_an_appraisal_contingency_risky\"><\/span>Is removing an appraisal contingency risky?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><\/p>\n<p>Removing an appraisal contingency can be risky because if the appraised value comes in lower than expected, you may be on the hook for the difference between the agreed-upon purchase price and the appraised value.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_can_I_be_sure_the_home_is_worth_the_purchase_price_without_an_appraisal\"><\/span>How can I be sure the home is worth the purchase price without an appraisal?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><\/p>\n<p>If you are considering waiving the appraisal contingency, you can hire an independent appraiser to inspect the property and provide you with an estimate of its value. This can help you make an informed decision about whether to proceed without the contingency.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Can_I_remove_an_appraisal_contingency_after_the_offer_is_accepted\"><\/span>Can I remove an appraisal contingency after the offer is accepted?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><\/p>\n<p>It is possible to remove an appraisal contingency after the offer is accepted, but you will need to negotiate this with the seller and potentially provide additional documentation or assurances to show that you can cover any shortfall in the appraised value.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_benefits_of_removing_an_appraisal_contingency\"><\/span>What are the benefits of removing an appraisal contingency?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><\/p>\n<p>Removing an appraisal contingency can make your offer more competitive in a hot housing market where multiple offers are common. It can also streamline the closing process by eliminating the need to wait for an appraisal to be completed.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Are_there_other_contingencies_I_should_consider_removing_along_with_the_appraisal_contingency\"><\/span>Are there other contingencies I should consider removing along with the appraisal contingency?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><\/p>\n<p>It is important to carefully consider which contingencies to remove, as each one serves a purpose in protecting your interests as a buyer. Consult with your real estate agent to determine the best course of action based on your specific situation.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_happens_if_the_appraisal_contingency_is_not_removed_before_closing\"><\/span>What happens if the appraisal contingency is not removed before closing?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><\/p>\n<p>If the appraisal contingency is not removed before closing and the appraised value comes in lower than the purchase price, you may have the option to renegotiate the price with the seller, walk away from the deal, or cover the difference yourself.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Can_a_seller_force_me_to_remove_the_appraisal_contingency\"><\/span>Can a seller force me to remove the appraisal contingency?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><\/p>\n<p>A seller cannot force you to remove the appraisal contingency; it is ultimately up to you as the buyer to decide whether or not to waive this contingency. However, a seller may be more inclined to accept your offer if you are willing to do so.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_does_waiving_the_appraisal_contingency_affect_my_financing\"><\/span>How does waiving the appraisal contingency affect my financing?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><\/p>\n<p>Waiving the appraisal contingency does not directly affect your financing, but it can impact the amount of money you need to bring to the table if the appraised value is lower than the purchase price. Make sure to discuss the potential implications with your lender before making a decision.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_steps_should_I_take_to_prepare_for_removing_an_appraisal_contingency\"><\/span>What steps should I take to prepare for removing an appraisal contingency?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><\/p>\n<p>Prior to removing an appraisal contingency, it is important to review all relevant documents, consult with your real estate agent and lender, and make sure you have the financial means to cover any potential shortfall in the appraised value.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Are_there_any_legal_repercussions_for_removing_an_appraisal_contingency\"><\/span>Are there any legal repercussions for removing an appraisal contingency?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><\/p>\n<p>Removing an appraisal contingency is a standard practice in real estate transactions and is not illegal. However, it is crucial to fully understand the implications of doing so and to make an informed decision based on your individual circumstances.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Can_I_reinstate_the_appraisal_contingency_after_removing_it\"><\/span>Can I reinstate the appraisal contingency after removing it?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><\/p>\n<p>Once an appraisal contingency has been removed, it is typically difficult to reinstate it without the seller&#8217;s agreement. If you have concerns about the value of the home, it is best to address them before removing the contingency to avoid any potential complications later on.<\/p>\n<p>Overall, removing an appraisal contingency is a decision that should be carefully considered and discussed with your real estate team. By weighing the potential risks and benefits and taking the necessary steps to prepare for this decision, you can confidently navigate the home buying process.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>When buying a home, one important contingency to consider is the appraisal contingency. An appraisal contingency protects the buyer by allowing them to back out of the deal if the appraised value of the home is lower than the agreed-upon purchase price. However, there may come a time when you want to remove this contingency &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"How do I remove an appraisal contingency?\" class=\"read-more button\" href=\"https:\/\/namso-gen.co\/blog\/how-do-i-remove-an-appraisal-contingency\/#more-210529\">Read more<span class=\"screen-reader-text\">How do I remove an appraisal contingency?<\/span><\/a><\/p>\n","protected":false},"author":53,"featured_media":107420,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86279],"tags":[],"class_list":["post-210529","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>How do I remove an appraisal contingency?<\/title>\n<meta name=\"description\" content=\"When buying a home, one important contingency to consider is the appraisal contingency. 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