u/AKPaladin

Appraisal Gap without Appraisal Contingency?

Quick question for the well-informed. Recently received an offer to purchase our home, in the additional terms a buyer included paying any appraisal gap up $20,000. There was, however, no appraisal contingency addenda included with the contract.

Without that last included document, is the buyer still legally in their right to cancel without default if they can't/won't finance the rest and come up to the agreed on purchase price?

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u/AKPaladin — 5 days ago