bridgetb59141 bridgetb59141

30-01-2024
Business

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If an appraisal contingency is in place, what happens when a property appraises higher than the agreed-upon sales price?
-Nothing will happen.
-The lender will lend the larger amount, whether it is the appraised value or the sales price.
-The sales price changes to the appraised value.
-The seller may terminate and remarket the property.

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